Investing.com – China equities were mixed at the close on Thursday, as gains in the Banking, Financials and Life Insurance sectors propelled shares higher while losses in the Software & Computer Services, Technology and Retailers sectors led shares lower.
At the close in Shanghai, the Shanghai Composite added 0.76% to hit a new 3-year high, while the SZSE Component index declined 0.21%.
The biggest gainers of the session on the Shanghai Composite were Hongxing Steel (SS:600307), which rose 10.06% or 0.640 points to trade at 7.000 at the close. Ningbo Fuda (SS:600724) added 10.05% or 1.080 points to end at 11.830 and Xinji Energy (SS:601918) was up 10.04% or 1.180 points to 12.930 in late trade.
Biggest losers included Beida Jade Bir (SS:600076), which lost 7.81% or 1.420 points to trade at 16.770 in late trade. Deluxe Family (SS:600503) declined 7.58% or 1.960 points to end at 23.910 and Dawning Information (SS:603019) shed 7.58% or 11.12 points to 135.51.
The top performers on the SZSE Component were BYD Co Ltd (SZ:002594) which rose 10.00% to 83.60, Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) which was up 9.99% to settle at 10.79 and Bank of Ningbo Co Ltd (SZ:002142) which gained 4.72% to close at 22.19.
The worst performers were Zhejiang Dahua Technology Co Ltd (SZ:002236) which was down 3.90% to 42.19 in late trade, Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which lost 3.42% to settle at 98.49 and Iflytek Co Ltd (SZ:002230) which was down 3.34% to 55.28 at the close.
Declining stocks outnumbered rising ones by 595 to 356 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.29% to 29.87.
In commodities trading, Gold for August delivery was down 0.27% or 3.20 to $1181.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.44% or 0.27 to hit $59.38 a barrel, while the July Brent oil contract fell 0.35% or 0.23 to trade at $63.58 a barrel.
USD/CNY was up 0.08% to 6.2025, while EUR/CNY fell 0.22% to 6.9719.
The US Dollar Index was up 0.27% at 95.61.