China shares higher at close of trade; Shanghai Composite up 2.50%

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China shares higher at close of trade; Shanghai Composite up 2.50%

Investing.com – China equities were higher at the close on Friday, as gains in the Travel & Leisure , Real Estate Investments & Services and Banking sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 2.50% to hit a new 1-month high, while the SZSE Component index added 2.13%.

The biggest gainers of the session on the Shanghai Composite were Shenzhen Geoway Co Ltd (SS: 600462 ), which rose 10.10% or 0.300 points to trade at 3.270 at the close. Air China Ltd Class A (SS: 601111 ) added 10.05% or 0.760 points to end at 8.320 and China Sports Industry Group Co Ltd (SS: 600158 ) was up 10.05% or 0.830 points to 9.090 in late trade.

Biggest losers included Sichuan Golden Summit Group Joint Stock Co Ltd (SS: 600678 ), which lost 10.04% or 0.750 points to trade at 6.720 in late trade. A-Zenith Home Furnishings Co Ltd (SS: 603389 ) declined 10.00% or 1.710 points to end at 15.390 and Pengxin International Mining Co Ltd (SS: 600490 ) shed 8.97% or 0.63 points to 6.39.

The top performers on the SZSE Component were Jiangxi Ganfeng Lithium Co Ltd (SZ: 002460 ) which rose 10.00% to 32.02, Hongda Xingye Co Ltd (SZ: 002002 ) which was up 10.00% to settle at 3.63 and Shandong Qixing Iron Tower Co Ltd (SZ: 002359 ) which gained 9.97% to close at 9.60.

The worst performers were Jiangsu Jiujiujiu Technology Co Ltd (SZ: 002411 ) which was down 10.01% to 20.59 in late trade, Yinji Entertainment Media Co Ltd (SZ: 002143 ) which lost 5.19% to settle at 3.84 and Anhui Shengyun Environment-Protection Group Co Ltd (SZ: 300090 ) which was down 4.26% to 3.15 at the close.

Advancing stocks outnumbered falling ones by 1306 to 122 and 27 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 21.70.

In commodities trading, Gold Futures for December delivery was up 0.24% or 2.90 to $1214.20 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.18% or 0.13 to hit $70.45 a barrel, while the November Brent oil contract rose 0.38% or 0.30 to trade at $79.00 a barrel.

USD/CNY was down 0.14% to 6.8371, while EUR/CNY fell 0.08% to 8.0573.

The US Dollar Index Futures was up 0.03% at 93.50.

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