China shares ended at their highest in more than 19 months on Friday as investors, already riding a three-month rally, bought into shipping plays such as Tianjin Port, brokers said.
The benchmark Shanghai composite index, grouping hard-currency B shares and yuan-denominated A shares, rose 0.28 percent to 1,721.752 points, the index's highest finish since July 9, 2002, when it closed at 1,729.986.
Tianjin Port (Group) Co Ltd gained 2.7 percent to 13.04 yuan, buoyed by news that Swiss investment bank UBS AG had become its 10th largest shareholder by the end of 2003.
UBS had invested in the company via a scheme to allow qualified foreign institutions to invest in the country's main stock and bond markets, which had been closed off to foreigners previously.
Port operator Shanghai Container Co Ltd, another stock targeted by UBS during its maiden investment in local stock markets last July, rose 2.3 percent to end at 14.84 yuan.
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