Investing.com – China equities were higher at the close on Wednesday, as gains in the Life Insurance, Electricity and Travel & Leisure sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 0.28%, while the SZSE Component index climbed 0.07%.
The biggest gainers of the session on the Shanghai Composite were Chongqing Sokon Industry Group Co Ltd (SS:601127), which rose 8.45% or 1.860 points to trade at 23.860 at the close. Sichuan Changhong Electric Co Ltd (SS:600839) added 8.02% or 0.300 points to end at 4.040 and Caihong Display Devices Co Ltd (SS:600707) was up 7.76% or 0.650 points to 9.030 in late trade.
Biggest losers included ZhongTongGuoMai Communication Co Ltd (SS:603559), which lost 8.95% or 4.000 points to trade at 40.700 in late trade. Nancal Energy-Saving Technology Co Ltd (SS:603859) declined 8.39% or 2.560 points to end at 27.960 and Xinjiang Ba Yi Iron & Steel Co Ltd (SS:600581) shed 8.34% or 1.270 points to 13.960.
The top performers on the SZSE Component were Guizhou Bailing Group Pharmaceutical Co Ltd (SZ:002424) which rose 10.03% to 19.42, Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which was up 8.19% to settle at 12.95 and Swan Fiber Co Ltd (SZ:000687) which gained 6.37% to close at 16.70.
The worst performers were Yunnan Aluminium Co Ltd (SZ:000807) which was down 5.95% to 12.02 in late trade, Shenzhen Ysstech Info-Tech Co Ltd (SZ:300377) which lost 5.67% to settle at 12.98 and Hongbo Co Ltd (SZ:002229) which was down 4.91% to 12.60 at the close.
Declining stocks outnumbered rising ones by 936 to 343 and 41 ended unchanged on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.74% to 17.49.
In commodities trading, Gold Futures for December delivery was down 0.05% or 0.67 to $1285.53 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.46% or 0.24 to hit $52.12 a barrel, while the December Brent oil contract rose 0.69% or 0.40 to trade at $58.28 a barrel.
USD/CNY was up 0.12% to 6.6206, while EUR/CNY fell 0.03% to 7.7917.
The US Dollar Index Futures was up 0.03% at 93.39.