Growth Enterprises: Coal Sector and Coal Prices

growth enterprises: The Chi Next Index, which tracks China NASDAQ-style board of growth enterprises, gained 0.91 percent to close at 2,200.80 points, according to Xinhua China. Turnover hit about 563.9 billion yuan . The coal sector is among the day biggest gainers as coal prices have risen in recent months amid a government campaign to cut ineffective production. The benchmark Shanghai Composite Index went up 1.21 percent to close at 3,128.25 points on Monday, while the smaller Shenzhen index closed 0.87 percent higher at 10,842.64 points. Official data showed that since June 2016, China coal price index has risen for four consecutive months. Securities outperformed on hopes of improving earnings reports, with Huatai Securities up 4.7 percent to close at 19.59 yuan. China National Coal Group Corporation and Shanxi Hengyuan Coal and Electricity Group both surged by the daily limit of 10 percent to end at 6.57 yuan and 7.23 yuan per share. (news.financializer.com). As reported in the news.