BEIJING: On Monday Material producers and home appliance makers led Chinese shares to a six-month high, to close at 3,051.42, its highest level since April 2, the benchmark Shanghai Composite Index surged 2.57 percent, or 76.38 points.

After falling 27 percent in the first half as the government measures to curb property bubbles, the gauge has rebounded 28 percent from its lowest point this year on July 5. To finish at 13,734.20, The Shenzhen Component Index climbed 3.85 percent, or 509.22 points. From 353 billion yuan the previous trading day, combined turnover rose to 442.5 billion yuan (66.5 billion U.S. dollars). Gainers outnumbered losers 1,031 to 55 in Shenzhen and 845 to 41 in Shanghai.

Metals and material producers gained the most, due to the continuous weakening of the U.S. currency and rising commodity prices. Jiangxi Copper moved up by ten percent daily limit to 48.74 yuan. After the coal producer said on late Sunday that its net profit from January to September more than doubled to 63.1 billion yuan on strong domestic demand Yanzhou Coal also jumped by the daily limit of 31.33 yaun.

Last week Communist Party of China said that China would focus on income growth and redistribution in the coming five years, consumer-oriented stocks also saw big gains as investors expected the country’s domestic consumption to further expand after a key policy statement.

Gree Electric, moved up by 6.85 percent to 19.18 yuan, China’s largest maker of home air-conditioners. Hefei Meiling, advanced 3.16 percent to 11.74 yuan, one of China’s major manufacturers of refrigerators and air-conditioners.