Brokerages, media lead market gain

Chinese stocks extended earlier gains yesterday led by shares in the media sector and brokerages.

The Shanghai Composite Index rose 0.93 percent to close at 2,654.88 points. The smaller Shenzhen Component Index also surged 1.68 percent to 7,963.66 points and the CSI 300 index ended 1.01 percent higher at 3,237.38 points.

Stocks of 13 A-share companies in the media section surged by the daily limit of 10 percent, including Leshi Internet Information & Technology Corp, Zhejiang Talent Television & Film Co, and Huayi Brothers Media Corporation.

Non-bank financial shares also gained, with Shanghai Greencourt Investment Group Co rising by the maximum 10 percent.