China stocks continue rise, Shenhua jumps 7.2 pct

(For Hong Kong stock market reports, click [.HK])

SHANGHAI, Jan 6 (Reuters) - China's stock market continued rising on Tuesday as coal shares surged, banks were supported by a solid earnings estimate from Pudong Development Bank, and leading property developer Vanke gained on December sales data.

The Shanghai Composite Index .SSEC, which climbed 3.29 percent on Monday, ended Tuesday morning up 1.82 percent at 1,915.000 points.

Gaining Shanghai A shares outnumbered losers by 787 to 116, while turnover in Shanghai A shares expanded to 35.4 billion yuan ($5.2 billion) from Monday morning's 23.5 billion yuan.

Coal producers outperformed for a second day on recent strength in domestic coal prices and the surge in global oil prices fuelled by tensions in the Middle East. Shenhua Energy (601088.SS: Quote, Profile, Research) jumped 7.18 percent to 19.55 yuan after climbing 3.99 percent on Monday.

One industry analyst noted a rumour that Shenhua had signed an annual supply contract with Shenzhen Power at a price 8 percent higher than last year's.

Pudong Bank (600000.SS: Quote, Profile, Research) advanced 4.74 percent to 14.37 yuan after estimating its net profit rose 128 percent in 2008. The estimate meant fourth-quarter earnings growth slowed greatly -- profit soared 153 percent in the third quarter, and 150 percent in the first half -- but it was still better than some investors had feared. [ID:nSHA3391]

Vanke 000002.SZ rose 2.54 percent to 6.87 yuan after saying its December real estate sales fell 13.5 percent from a year earlier in value terms, but gained 50 percent from the previous month. The month-on-month rise was achieved without launching any new projects, Vanke said. In November, sales dropped 15.6 percent from a year earlier. [ID:nSHA4545] ($1 = 6.83 yuan) (Reporting by Claire Zhang; Editing by Andrew Torchia)