Both Shanghai and Shenzhen stock markets closed a bit higher Thursday,the mining and metal companies support the rebound depite Sinopec's trumble.
As to GMT 2300,Shanghai Stock Exchange composite Index (SSI) rose 57.84 points,or 1.69 percent, to 3471.74. Shenzhen Stock Exchange component index gained 207.87 points,or 1.59 percent,to 13286.68.
China Coal Energy Co, the nation's second-largest coal producer,post 90 percent net profit of last year to 6.02 billion yuan, attributed to coals domestic robust demand.
led by China Coal,China Shenhua Energy Co, the nation's largest coal producer, rose 3.28 percent, to 43.40 yuan.Jiangxi Copper gained 8.57 percent to 32.67 yuan while Yunnan Copper climbed five percent to 33.60 yuan.
Oil and petrochemical shares still weaked.Sinopec，Asia's biggest oil refiner,fell 0.23 yuan, or 1.95 percent to 11.59.New York's light sweet crude for delivery in May hit a new record of $112.21.
Brokerages rallied today.Haitong Securities Co, China's second-largest brokerage by market value, jumped 6.2 percent to 34.60 yuan,a high record in 3 trading weeks.
Citic Securities co.,China's largest brokerage by market value,post its first-quarter earnings estimate to more than double from a year earlier due to an expansion of its operations.The company was suspended in today's trading.
Citic Securities said late Wednesday it expects its first-quarter net profit to more than double from a year earlier because of an expansion of its operations.
Industrial & Commercial Bank of China, China biggest bank by market value,surged 2.83 percent to 6.18 yuan due to announcing 50 percent net profit forcasting in first quarter from the year earlier.
The central bank has set the yuan central parity rate at 6.9920 to the dollar，the first time beyond the record of 7,according to the China Foreign Exchange Trading System.
According to the Ministry of Commerce's information today,China's first quarter trade surplus from the year earlier dropped 10.2 percent to about US$41.6 billion,the first decline in more than three years,with the Export growth slowing from 27.8 percent to 21.4 percent.