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China shares higher at close of trade; Shanghai Composite up 0.04%

Published 10/08/2018, 08:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.04%
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Investing.com – China equities were higher at the close on Friday, as gains in the Software & Computer Services, Real Estate Investments & Services and Retailers sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.04%, while the SZSE Component index gained 0.70%.

The biggest gainers of the session on the Shanghai Composite were Keda Group Co Ltd (SS:600986), which rose 10.07% or 0.560 points to trade at 6.120 at the close. Shandong Homey Aquatic Development Co Ltd (SS:600467) added 10.00% or 0.240 points to end at 2.640 and Tibet Urban Development and Investment Co Ltd (SS:600773) was up 9.96% or 0.720 points to 7.950 in late trade.

Biggest losers included Anhui Liuguo Chemical Co Ltd (SS:600470), which lost 8.38% or 0.430 points to trade at 4.700 in late trade. HeBei Jinniu Chemical Industry Co Ltd (SS:600722) declined 8.22% or 0.500 points to end at 5.580 and Angel Yeast Co Ltd (SS:600298) shed 7.37% or 2.350 points to 29.550.

The top performers on the SZSE Component were Chongqing Pharscin Pharmaceutical Co Ltd (SZ:002907) which rose 10.02% to 26.47, Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which was up 10.01% to settle at 41.88 and Shenzhen Selen Science & Technology Co Ltd (SZ:002341) which gained 8.26% to close at 11.53.

The worst performers were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which was down 7.32% to 7.72 in late trade, Talkweb Information System Co Ltd (SZ:002261) which lost 7.04% to settle at 5.020 and Risen Energy (SZ:300118) which was down 5.38% to 7.57 at the close.

Advancing stocks outnumbered falling ones by 869 to 455 and 104 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.19% to 20.50 a new 1-month low.

In commodities trading, Gold Futures for December delivery was down 0.40% or 4.90 to $1215.00 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.55% or 0.37 to hit $66.44 a barrel, while the October Brent oil contract fell 0.71% or 0.51 to trade at $71.56 a barrel.

USD/CNY was up 0.51% to 6.8561, while EUR/CNY fell 0.13% to 7.8530.

The US Dollar Index Futures was up 0.45% at 95.89.

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