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China shares higher at close of trade; Shanghai Composite up 1.89%

Published 27-08-2018, 01:05 pm
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.89%
FTXIN4351010
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600196
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600687
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600816
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Investing.com – China equities were higher at the close on Monday, as gains in the Travel & Leisure, Real Estate Investments & Services and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 1.89%, while the SZSE Component index gained 2.87%.

The biggest gainers of the session on the Shanghai Composite were Tianjin Quanyechang Group Co Ltd (SS:600821), which rose 10.09% or 0.470 points to trade at 5.130 at the close. Shanghai Fosun Pharmaceutical Group Co Ltd (SS:600196) added 10.01% or 3.060 points to end at 33.630 and Hunan Baili Engineering Sci & Tech Co Ltd (SS:603959) was up 10.00% or 1.400 points to 15.400 in late trade.

Biggest losers included Gangtai Holdin (SS:600687), which lost 10.07% or 0.540 points to trade at 4.820 in late trade. Korla Pear (SS:600506) declined 9.96% or 1.180 points to end at 10.670 and Anxin Trust Co Ltd (SS:600816) shed 6.60% or 0.430 points to 6.090.

The top performers on the SZSE Component were Zhejiang Semir Garment Co Ltd (SZ:002563) which rose 10.00% to 11.77, Hualan Biological EngineeringInc (SZ:002007) which was up 10.00% to settle at 36.08 and Shandong Zhongji Electrical Equipment Co Ltd (SZ:300308) which gained 10.00% to close at 52.02.

The worst performers were Beijing Orient Landscape Co Ltd (SZ:002310) which was down 10.02% to 13.47 in late trade, Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which lost 10.01% to settle at 6.47 and JPMF Guangdong Co Ltd (SZ:002600) which was down 9.20% to 3.16 at the close.

Advancing stocks outnumbered falling ones by 1379 to 47 and 18 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.57% to 20.85.

In commodities trading, Gold Futures for December delivery was down 0.17% or 2.10 to $1211.20 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.29% or 0.20 to hit $68.52 a barrel, while the November Brent oil contract fell 0.09% or 0.07 to trade at $76.06 a barrel.

USD/CNY was up 0.13% to 6.8162, while EUR/CNY rose 0.02% to 7.9127.

The US Dollar Index Futures was up 0.06% at 95.14.

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