BEIJING, Feb. 2 (Xinhua) -- Chinese stocks closed higher Friday led by coal and cement sectors.
The benchmark Shanghai Composite Index went up 0.44 percent to close at 3,462.08 points. The Shenzhen Component Index closed 0.56 percent higher at 10,925.16 points.
The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 0.3 percent to end at 1,702.43 points Friday.
Combined turnover on the two bourses stood at 462.8 billion yuan (73.8 billion U.S. dollars), down from 567 billion yuan the previous trading day.
Nearly 1,200 stocks gained among the two bourses with coal and cement sectors leading the rise.
Shanxi Coking surged by the daily limit of 10 percent to close at 13.71 yuan and Gansu Shangfeng Cement rose by the daily limit of 10 percent to end at 12.91 yuan.
Listed companies in China reported rapid profit growth in 2017 as the country's supply-side structural reform began to bear results.
Most companies in traditional sectors such as coal and steel posted strong growth on the back of the country's economic restructuring and business environment improvement.
Nineteen out of 20 companies that have released 2017 reports in the coal sector saw profit growth as China continues to slash excess coal capacity and product prices increase.
