China shares higher at close of trade; Shanghai Composite up 0.05%

  • Investing.com
  • Stock Market News
China shares higher at close of trade; Shanghai Composite up 0.05%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Wednesday, as gains in the Telecoms , Mobile and Media sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.05%, while the SZSE Component index climbed 0.09%.

The biggest gainers of the session on the Shanghai Composite were Zhongnongfa Seed Industry Group Co Ltd (SS: 600313 ), which rose 10.13% or 0.240 points to trade at 2.610 at the close. Beijing Dynamic Power Co Ltd (SS: 600405 ) added 10.11% or 0.460 points to end at 5.010 and Hongda (SS: 600331 ) was up 10.11% or 0.280 points to 3.050 in late trade.

Biggest losers included Xinjiang Winka Times Department Store Co Ltd (SS: 603101 ), which lost 10.00% or 1.510 points to trade at 13.590 in late trade. Wintime Energy Co Ltd (SS: 600157 ) declined 9.80% or 0.200 points to end at 1.840 and GuangYuYuan Chinese Herbal Medicine Co Ltd (SS: 600771 ) shed 9.13% or 2.460 points to 24.470.

The top performers on the SZSE Component were Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ: 300317 ) which rose 10.09% to 6.44, Hongda Xingye Co Ltd (SZ: 002002 ) which was up 10.06% to settle at 3.61 and Tongding Interconnection Information (SZ: 002491 ) which gained 10.01% to close at 8.90.

The worst performers were Shandong Realcan Pharmaceutical Co Ltd (SZ: 002589 ) which was down 8.46% to 5.95 in late trade, Beijing E Hualu Info Tech (SZ: 300212 ) which lost 6.40% to settle at 19.30 and Jiangsu Kangde Xin Composite Material Co Ltd (SZ: 002450 ) which was down 4.98% to 5.73 at the close.

Advancing stocks outnumbered falling ones by 721 to 672 and 86 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.96.

In commodities trading, Gold Futures for February delivery was up 0.09% or 1.15 to $1284.55 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.42% or 0.22 to hit $53.23 a barrel, while the March Brent oil contract rose 0.49% or 0.30 to trade at $61.80 a barrel.

USD/CNY was down 0.30% to 6.7869, while EUR/CNY fell 0.20% to 7.7161.

The US Dollar Index Futures was down 0.01% at 95.953.

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