China shares higher at close of trade; Shanghai Composite up 1.36%

  • Stock Market News
China shares higher at close of trade; Shanghai Composite up 1.36%
Credit: © Reuters. – China equities were higher at the close on Thursday, as gains in the Telecoms , Mobile and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 1.36%, while the SZSE Component index climbed 1.18%.

The biggest gainers of the session on the Shanghai Composite were China Hi-Tech Group Co Ltd (SS: 600730 ), which rose 10.08% or 0.52 points to trade at 5.68 at the close. Shanghai Shibei Hi-Tech Co Ltd A (SS: 600604 ) added 10.04% or 0.76 points to end at 8.33 and Tengda Construction Group Co Ltd (SS: 600512 ) was up 10.04% or 0.240 points to 2.630 in late trade.

Biggest losers included Nanjing Chixia Development Co Ltd (SS: 600533 ), which lost 5.21% or 0.190 points to trade at 3.460 in late trade. Harbin Gong Da High-Tech Enterprise Development Co Ltd (SS: 600701 ) declined 5.11% or 0.160 points to end at 2.970 and Shanghai Zhongyida Co Ltd B (SS: 900906 ) shed 5.11% or 0.007 points to 0.130.

The top performers on the SZSE Component were China Baoan Group Co Ltd (SZ: 000009 ) which rose 10.09% to 5.02, GuangDong Huasheng Electrical Appliances Co Ltd (SZ: 002670 ) which was up 10.05% to settle at 10.29 and Hunan TV & Broadcast Intermediary Co Ltd (SZ: 000917 ) which gained 10.04% to close at 6.14.

The worst performers were Jiangsu Kangde Xin Composite Material Co Ltd (SZ: 002450 ) which was down 10.01% to 12.40 in late trade, Zibo Qixiang Tengda Chemical Co Ltd (SZ: 002408 ) which lost 9.95% to settle at 9.95 and Jiangsu Nhwa Pharmaceutical Co Ltd (SZ: 002262 ) which was down 5.44% to 12.70 at the close.

Advancing stocks outnumbered falling ones by 1287 to 147 and 39 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 31.62.

In commodities trading, Gold Futures for December delivery was up 1.17% or 14.00 to $1213.20 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.05% or 0.03 to hit $56.28 a barrel, while the January Brent oil contract rose 0.39% or 0.26 to trade at $66.38 a barrel.

USD/CNY was down 0.23% to 6.9347, while EUR/CNY rose 0.09% to 7.8660.

The US Dollar Index Futures was up 0.03% at 96.69.

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