China shares higher at close of trade; Shanghai Composite up 2.58%

  • Stock Market News
China shares higher at close of trade; Shanghai Composite up 2.58%
Credit: © Reuters. – China equities were higher at the close on Friday, as gains in the Life Insurance , Software & Computer Services and Real Estate Investments & Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 2.58%, while the SZSE Component index gained 2.79%.

The biggest gainers of the session on the Shanghai Composite were Sundy Land Investment Co Ltd (SS: 600077 ), which rose 10.18% or 0.230 points to trade at 2.490 at the close. Routon Electronic Co Ltd (SS: 600355 ) added 10.12% or 0.260 points to end at 2.830 and Henan Huanghe Whirlwind Co Ltd (SS: 600172 ) was up 10.11% or 0.280 points to 3.050 in late trade.

Biggest losers included Kangmei Pharmaceutical Co Ltd (SS: 600518 ), which lost 10.01% or 1.620 points to trade at 14.570 in late trade. Wanhua Chemical Group Co Ltd (SS: 600309 ) declined 10.00% or 3.560 points to end at 32.030 and Neway Valve Suzhou Co Ltd (SS: 603699 ) shed 9.96% or 1.210 points to 10.940.

The top performers on the SZSE Component were Guangdong Eastone Century Technology Co Ltd (SZ: 300310 ) which rose 10.11% to 3.92, Hand Enterprise Solutions Co (SZ: 300170 ) which was up 10.05% to settle at 10.84 and Xinzhi Motor Co Ltd (SZ: 002664 ) which gained 10.05% to close at 11.17.

The worst performers were Wonders Information (SZ: 300168 ) which was down 9.99% to 12.07 in late trade, Jiuzhitang Co Ltd (SZ: 000989 ) which lost 9.78% to settle at 10.15 and Meisheng Cultural & Creative Corp Ltd (SZ: 002699 ) which was down 9.08% to 6.21 at the close.

Advancing stocks outnumbered falling ones by 1303 to 138 and 24 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 30.56 a new 6-month high.

In commodities trading, Gold Futures for December delivery was down 0.08% or 1.00 to $1229.10 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.28% or 0.19 to hit $68.84 a barrel, while the December Brent oil contract rose 0.40% or 0.32 to trade at $79.61 a barrel.

USD/CNY was down 0.07% to 6.9332, while EUR/CNY fell 0.09% to 7.9351.

The US Dollar Index Futures was up 0.05% at 95.77.

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