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China shares higher at close of trade; Shanghai Composite up 0.89%

Published 24/09/2015, 08:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.89%
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Investing.com – China equities were higher at the close on Thursday, as gains in the Media, Software & Computer Services and Technology sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.89%, while the SZSE Component index gained 1.04%.

The biggest gainers of the session on the Shanghai Composite were Huayuan Proper (SS:600743), which rose 10.07% or 0.540 points to trade at 5.900 at the close. Kailuan (SS:600997) added 10.06% or 0.510 points to end at 5.580 and Ningbo Orient Wires and Cables (SS:603606) was up 10.04% or 1.26 points to 13.81 in late trade.

Biggest losers included Xinjiang Tiany (SS:600075), which lost 10.00% or 1.44 points to trade at 12.96 in late trade. Harbin Air Con (SS:600202) declined 9.98% or 1.880 points to end at 16.960 and Jiangquan Ind (SS:600212) shed 9.97% or 1.220 points to 11.020.

The top performers on the SZSE Component were Glodon Software Co Ltd (SZ:002410) which rose 10.03% to 15.14, Shenzhen Yan Tian Port Holdings Co Ltd (SZ:000088) which was up 10.03% to settle at 8.23 and Shaanxi Ligeance Mineral Resources Co Ltd (SZ:000697) which gained 10.02% to close at 19.55.

The worst performers were China Merchants Property Development Co Ltd (SZ:000024) which was down 9.99% to 28.48 in late trade, Shanghai STEP Electric Corp (SZ:002527) which lost 9.99% to settle at 25.05 and Beijing Philisense Tech (SZ:300287) which was down 8.93% to 16.21 at the close.

Advancing stocks outnumbered falling ones by 837 to 118 on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.83% to 40.64.

In commodities trading, Gold for December delivery was up 0.35% or 4.00 to $1135.50 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.89% or 0.40 to hit $44.88 a barrel, while the November Brent oil contract rose 0.59% or 0.28 to trade at $48.03 a barrel.

USD/CNY was down 0.04% to 6.3812, while EUR/CNY rose 0.26% to 7.1560.

The US Dollar Index was down 0.31% at 96.10.

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