Investing.com – China equities were higher at the close on Wednesday, as gains in the Telecoms, Mobile and Software & Computer Services sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 1.24%, while the SZSE Component index climbed 2.18%.
The biggest gainers of the session on the Shanghai Composite were Shandong Iron (SS:600022), which rose 10.09% or 0.440 points to trade at 4.800 at the close. Qingshan Paper (SS:600103) added 10.07% or 0.720 points to end at 7.870 and Phoenix Proper (SS:600716) was up 10.06% or 0.850 points to 9.300 in late trade.
Biggest losers included Panjiang Coal (SS:600395), which lost 9.97% or 1.550 points to trade at 14.000 in late trade. Textile City (SS:600790) declined 8.22% or 0.990 points to end at 11.050 and Sdic Zhonglu (SS:600962) shed 4.78% or 0.890 points to 17.740.
The top performers on the SZSE Component were Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which rose 10.08% to 5.24, Angang Steel Co Ltd (SZ:000898) which was up 10.08% to settle at 7.10 and China Baoan Group Co Ltd (SZ:000009) which gained 10.04% to close at 12.93.
The worst performers were Zhejiang Yasha Decoration Co Ltd (SZ:002375) which was down 5.56% to 18.00 in late trade, COFCO Property Group Co Ltd (SZ:000031) which lost 3.69% to settle at 20.08 and North Huajin Chemical Industries Co Ltd (SZ:000059) which was down 3.14% to 8.94 at the close.
Advancing stocks outnumbered falling ones by 859 to 108 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 2.04% to 30.99.
In commodities trading, Gold for December delivery was up 0.46% or 5.10 to $1122.00 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.44% or 0.19 to hit $42.93 a barrel, while the October Brent oil contract rose 0.04% or 0.02 to trade at $48.83 a barrel.
USD/CNY was up 0.08% to 6.3992, while EUR/CNY rose 0.43% to 7.0807.
The US Dollar Index was down 0.22% at 96.77.