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China shares higher at close of trade; Shanghai Composite up 1.58%

Published 12/05/2015, 08:35
China shares higher at close of trade; Shanghai Composite up 1.58%
EUR/CNY
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DX
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GC
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LCO
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CL
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FTXIN4651010
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FTXIN4404010
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SSEC
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VXFXI
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600503
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600538
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600665
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603077
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000768
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000625
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Investing.com – China equities were higher at the close on Tuesday, as gains in the Electricity, Utilities and Retailers sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.58%, while the SZSE Component index added 0.81%.

The biggest gainers of the session on the Shanghai Composite were Js Future Land (SS:900950), which rose 10.07% or 0.055 points to trade at 0.601 at the close. Gd Power (SS:600795) added 10.06% or 0.660 points to end at 7.220 and Deluxe Family (SS:600503) was up 10.05% or 0.980 points to 10.730 in late trade.

Biggest losers included Tande (SS:600665), which lost 3.89% or 0.430 points to trade at 10.630 in late trade. Gofar (SS:600538) declined 2.85% or 0.340 points to end at 11.600 and Hebang Corp (SS:603077) shed 2.75% or 0.530 points to 18.760.

The top performers on the SZSE Component were Leshi Internet Info Tech (SZ:300104) which rose 10.00% to 179.03, Huayi Brothers Media Corp (SZ:300027) which was up 6.33% to settle at 41.00 and AVIC Aircraft Co Ltd (SZ:000768) which gained 5.99% to close at 34.87.

The worst performers were Chongqing Changan Automobile Co Ltd (SZ:000625) which was down 2.43% to 23.71 in late trade, Zhejiang Dahua Technology Co Ltd (SZ:002236) which lost 1.84% to settle at 41.13 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 1.75% to 90.85 at the close.

Advancing stocks outnumbered falling ones by 734 to 240 on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.25% to 29.07 a new 1-month low.

In commodities trading, Gold for June delivery was up 0.07% or 0.80 to $1183.80 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.30% or 0.17 to hit $59.42 a barrel, while the July Brent oil contract rose 0.27% or 0.17 to trade at $65.80 a barrel.

USD/CNY was down 0.06% to 6.2092, while EUR/CNY rose 0.54% to 6.9623.

The US Dollar Index was down 0.43% at 94.71.

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