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China shares higher at close of trade; Shanghai Composite up 0.41%

Published 24/01/2019, 07:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.41%
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Investing.com – China equities were higher at the close on Thursday, as gains in the Software & Computer Services, Technology and Life Insurance sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.41%, while the SZSE Component index gained 0.66%.

The biggest gainers of the session on the Shanghai Composite were Harbin Dongan Auto Engine Co Ltd (SS:600178), which rose 10.09% or 0.470 points to trade at 5.130 at the close. Shanghai Industrial Development Co Ltd (SS:600748) added 10.08% or 0.520 points to end at 5.680 and Hunan Corun New Energy Co Ltd (SS:600478) was up 10.05% or 0.440 points to 4.820 in late trade.

Biggest losers included Eastern Gold Jade Co Ltd (SS:600086), which lost 9.92% or 0.390 points to trade at 3.540 in late trade. Hongda (SS:600331) declined 7.54% or 0.230 points to end at 2.820 and Xinjiang Winka Times Department Store Co Ltd (SS:603101) shed 7.28% or 0.990 points to 12.600.

The top performers on the SZSE Component were Meisheng Cultural & Creative Corp Ltd (SZ:002699) which rose 10.06% to 5.69, Sungrow Power Supply Co Ltd (SZ:300274) which was up 10.03% to settle at 11.41 and Beijing Sevenstar Electronics Co Ltd (SZ:002371) which gained 8.76% to close at 45.80.

The worst performers were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which was down 9.92% to 4.36 in late trade, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which lost 5.33% to settle at 1.60 and Jinke Property Group Co Ltd (SZ:000656) which was down 5.28% to 5.56 at the close.

Advancing stocks outnumbered falling ones by 830 to 542 and 110 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.62% to 21.67.

In commodities trading, Gold Futures for February delivery was down 0.35% or 4.55 to $1279.45 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.34% or 0.18 to hit $52.44 a barrel, while the March Brent oil contract fell 0.43% or 0.26 to trade at $60.88 a barrel.

USD/CNY was up 0.03% to 6.7915, while EUR/CNY fell 0.05% to 7.7229.

The US Dollar Index Futures was up 0.13% at 95.898.

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