Investing.com – China equities were higher at the close on Wednesday, as gains in the Electricity, Utilities and Media sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 2.47% to hit a new 3-year high, while the SZSE Component index climbed 2.15%.
The biggest gainers of the session on the Shanghai Composite were Pangda Automob (SS:601258), which rose 10.06% or 0.860 points to trade at 9.410 at the close. Yunnan Coal En (SS:600792) added 10.06% or 0.850 points to end at 9.300 and Changlin (SS:600710) was up 10.06% or 0.730 points to 7.990 in late trade.
Biggest losers included China Cnr (SS:601299), which lost 5.76% or 1.950 points to trade at 31.900 in late trade. Csr Corp (SS:601766) declined 4.96% or 1.580 points to end at 30.260 and Guirenniao (SS:603555) shed 4.74% or 2.190 points to 44.020.
The top performers on the SZSE Component were Leshi Internet Info Tech (SZ:300104) which rose 9.91% to 99.45, Zhejiang Dahua Technology Co Ltd (SZ:002236) which was up 5.99% to settle at 38.04 and GF Securities Co Ltd (SZ:000776) which gained 5.79% to close at 30.52.
The worst performers were Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 1.08% to 99.54 in late trade, TCL Corp (SZ:000100) which lost 0.30% to settle at 6.64 and BOE Technology Group Co Ltd (SZ:000725) which was down 0.21% to 4.82 at the close.
Advancing stocks outnumbered falling ones by 911 to 48 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 4.45% to 30.95.
In commodities trading, Gold for June delivery was down 0.27% or 3.30 to $1199.80 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.22% or 0.69 to hit $55.92 a barrel, while the June Brent oil contract fell 0.94% or 0.58 to trade at $61.49 a barrel.
USD/CNY was down 0.10% to 6.1957, while EUR/CNY rose 0.13% to 6.6659.
The US Dollar Index was down 0.24% at 97.97.