China shares higher at close of trade; Shanghai Composite up 1.15%

  • Stock Market News
China shares higher at close of trade; Shanghai Composite up 1.15%
Credit: © Reuters. – China equities were higher at the close on Thursday, as gains in the Life Insurance , Gas, Water & Multiutilities and Telecoms sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.15%, while the SZSE Component index climbed 0.65%.

The biggest gainers of the session on the Shanghai Composite were Guizhou Wire Rope Co Ltd (SS: 600992 ), which rose 10.07% or 0.740 points to trade at 8.090 at the close. Universal Scientific Industrial Shanghai Co Ltd (SS: 601231 ) added 10.06% or 0.840 points to end at 9.190 and Changchun Gas Co Ltd (SS: 600333 ) was up 10.04% or 0.530 points to 5.810 in late trade.

Biggest losers included Zhejiang Golden Eagle Co Ltd (SS: 600232 ), which lost 10.05% or 0.580 points to trade at 5.190 in late trade. Jiangsu Changjiang Electronics Technology Co Ltd (SS: 600584 ) declined 10.00% or 1.420 points to end at 12.780 and GuangYuYuan Chinese Herbal Medicine Co Ltd (SS: 600771 ) shed 10.00% or 3.600 points to 32.400.

The top performers on the SZSE Component were Guangdong Golden Dragon Development Inc (SZ: 000712 ) which rose 10.04% to 8.66, Accelink Technologies Co Ltd (SZ: 002281 ) which was up 7.86% to settle at 27.18 and ZTE Corp (SZ: 000063 ) which gained 7.47% to close at 18.55.

The worst performers were Chuying Agro-Pastoral Group Co Ltd (SZ: 002477 ) which was down 10.03% to 2.96 in late trade, Sieyuan Electric Co Ltd (SZ: 002028 ) which lost 10.00% to settle at 13.77 and Xinzhi Motor Co Ltd (SZ: 002664 ) which was down 10.00% to 17.28 at the close.

Advancing stocks outnumbered falling ones by 1140 to 245 and 63 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 24.71.

In commodities trading, Gold Futures for December delivery was down 0.08% or 1.00 to $1209.90 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.77% or 0.54 to hit $69.83 a barrel, while the November Brent oil contract fell 0.40% or 0.32 to trade at $79.42 a barrel.

USD/CNY was down 0.16% to 6.8492, while EUR/CNY fell 0.23% to 7.9591.

The US Dollar Index Futures was up 0.08% at 94.90.

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