Stock surge in smaller banks lifts market

The mainland stock market rose in heavy trade yesterday as shares in smaller banks surged.

Real estate shares also outperformed after official media said the government was considering a package of measures to provide long-term support for the residential housing market.

The Shanghai Composite Index spent most of the morning lower but closed the day up 1.96 percent at 2305.777 points. Over 35 Shanghai A shares up their 10 percent daily limits.