China shares higher at close of trade; Shanghai Composite up 0.85%

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China shares higher at close of trade; Shanghai Composite up 0.85%
Credit: © Reuters. – China equities were higher at the close on Thursday, as gains in the Oil Equipment Services & Distribution , Life Insurance and Gas, Water & Multiutilities sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.85%, while the SZSE Component index gained 1.02%.

The biggest gainers of the session on the Shanghai Composite were Aluminum Corp of China Ltd (SS: 601600 ), which rose 10.11% or 0.470 points to trade at 5.120 at the close. Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd (SS: 600332 ) added 10.02% or 2.750 points to end at 30.200 and Shanghai LongYun Advertising & Media Co Ltd (SS: 603729 ) was up 10.01% or 5.58 points to 61.35 in late trade.

Biggest losers included Shanghai U9 Game Co Ltd (SS: 600652 ), which lost 7.45% or 0.520 points to trade at 6.460 in late trade. Harbin Air Conditioning Co Ltd (SS: 600202 ) declined 7.35% or 0.530 points to end at 6.680 and Hainan Haiqi Transportation Group Co Ltd (SS: 603069 ) shed 6.83% or 0.840 points to 11.450.

The top performers on the SZSE Component were Nationz Technologies Inc (SZ: 300077 ) which rose 10.04% to 10.41, Shenwu Environmental Tech (SZ: 300156 ) which was up 10.03% to settle at 12.94 and Yunnan Aluminium Co Ltd (SZ: 000807 ) which gained 9.98% to close at 8.93.

The worst performers were Zhejiang Jinke Peroxides Co Ltd (SZ: 300459 ) which was down 7.05% to 10.55 in late trade, Shenzhen Ysstech Info-Tech Co Ltd (SZ: 300377 ) which lost 6.00% to settle at 15.81 and Beijing Sinnet Technology Co Ltd (SZ: 300383 ) which was down 5.24% to 15.90 at the close.

Advancing stocks outnumbered falling ones by 770 to 508 and 88 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 7.60% to 22.14 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.30% or 4.00 to $1357.50 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.93% or 0.64 to hit $69.11 a barrel, while the June Brent oil contract rose 1.02% or 0.75 to trade at $74.23 a barrel.

USD/CNY was down 0.06% to 6.2707, while EUR/CNY rose 0.11% to 7.7741.

The US Dollar Index Futures was down 0.10% at 89.26.

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