China Vanke Co, the biggest listed property developer, gained 0.57 percent to 8.89 yuan on Friday. Poly Real Estate Group Co, the second largest, advanced 0.07 percent to 14.39 yuan.
 
Ping An Insurance (Group) Co, China’s second-biggest insurer, advanced 0.8 percent to 53.01 yuan. The company has no plan to conduct any refinancing exercise in the A-share market, Ping An said in a statement on Thursday night.
 
SAIC added 2.86 percent to 15.45 yuan, the biggest gain since Dec 13. The company said it sold 3.58 million vehicles in 2010. Sales rose 1 percent last month from a year earlier.
 
Anhui Jianghuai Automobile Co gained 1.96 percent to 10.90 yuan after saying profit probably jumped more than 240 percent last year. Chongqing Changan Automobile Co, the partner of Ford Motor Co and Mazda Motor Corp, rose 2.68 percent to 9.97 yuan. The company said it plans to raise as much as 4 billion yuan via the sale of as many as 410.7 million extra shares.
 
Hainan Rubber surged 83.81 percent from its offer price to 11.01 yuan. "Hainan Rubber controls almost all rubber resources in Hainan province, the largest reserves for the material in China, and it has the ambition to acquire more assets in the future," said Li Chenyan, an analyst at Donghai Securities Co in Beijing. "That has boosted investors’ buying sentiment in the company."
 
Jiangxi Copper Co and gold producer Zijin Mining Group Co declined among commodity producers as a stronger dollar reduced the attractiveness of metals as an alternative investment.
 
Jiangxi Copper fell 4.69 percent to 42.87 yuan on Friday. Zijin Mining lost 1.25 percent to 7.89 yuan.

 
SOURCE: China Daily
 
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