December 11- The Shanghai Composite Index continued its recent imperial charge upwards in a day of frenzied trading from a morning low of 2085.058 points to close at 2180.496 points boasting a rise of 86.858 points.The lowest of  2084.267 point s was realised during the first half of the day with the highest of 2185.058 reached  just before closing.

Spurred on the news that a conglormerate of  local banks will introduce multi-lateral  Industrial co-banking possibilities to foreign banks, the index surged ahead on positive outlook from investors. The largest gains being reaped by Industrial and Commercial Bank of China(ICBC), who saw their share price rise from 3.86 Yuan to 4.08 Yuan a jump of 5.43% and followed closely by Pudong Developement Bank who saw their share prices leap from 16.12 Yuan to 16.93 Yuan a rise of 3.42%.  At the same time, equities on agriculture、steel and third generation industries showed remarkable gains adding strength to the market.

According to analysts, investors can keep their hopes high for short term gains on the most traded indices. The market is expected to remain bullish in the coming day.