China shares higher at close of trade; Shanghai Composite up 2.05%

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China shares higher at close of trade; Shanghai Composite up 2.05%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Friday, as gains in the Software & Computer Services , Technology and Financials sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 2.05%, while the SZSE Component index added 2.76%.

The biggest gainers of the session on the Shanghai Composite were Pengqi Technology Development Co Ltd B (SS: 900907 ), which rose 10.11% or 0.046 points to trade at 0.501 at the close. Pengqi Technology Development Co Ltd A (SS: 600614 ) added 10.11% or 0.440 points to end at 4.790 and Southwest Securities Co Ltd (SS: 600369 ) was up 10.11% or 0.370 points to 4.030 in late trade.

Biggest losers included Nanjing Panda Electronics Co Ltd (SS: 600775 ), which lost 8.82% or 0.82 points to trade at 8.48 in late trade. Ningbo Joyson Electronic Corp (SS: 600699 ) declined 6.89% or 1.590 points to end at 21.500 and GuangDong Super Telecom Co Ltd (SS: 603322 ) shed 4.94% or 1.600 points to 30.800.

The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ: 000587 ) which rose 10.20% to 2.81, Sealand Securities Co Ltd (SZ: 000750 ) which was up 10.08% to settle at 5.35 and First Capital Securities Co Ltd Class A (SZ: 002797 ) which gained 10.05% to close at 6.13.

The worst performers were Zhejiang Narada Power Source (SZ: 300068 ) which was down 5.02% to 13.42 in late trade, Suzhou Dongshan Precision Manufacturing Co Ltd (SZ: 002384 ) which lost 3.89% to settle at 9.64 and Zhongtian Urban Development Group Co Ltd (SZ: 000540 ) which was down 3.55% to 3.80 at the close.

Advancing stocks outnumbered falling ones by 1404 to 65 and 9 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 27.41.

In commodities trading, Gold Futures for February delivery was up 0.11% or 1.45 to $1296.25 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.40% or 0.66 to hit $47.75 a barrel, while the March Brent oil contract rose 1.16% or 0.65 to trade at $56.60 a barrel.

USD/CNY was down 0.10% to 6.8654, while EUR/CNY rose 0.02% to 7.8287.

The US Dollar Index Futures was down 0.06% at 95.822.

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