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China shares higher at close of trade; Shanghai Composite up 0.43%

Published 24/12/2018, 07:35
China shares higher at close of trade; Shanghai Composite up 0.43%
FTXIN4101010
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FTXIN4101020
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FTXIN410
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SSEC
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VXFXI
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600223
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600290
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600776
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SZI
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600775
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002714
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002285
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002664
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002437
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300197
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603268
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603322
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002907
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Investing.com – China equities were higher at the close on Monday, as gains in the Technology Hardware & Equipment, Technology and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.43%, while the SZSE Component index climbed 0.75%.

The biggest gainers of the session on the Shanghai Composite were GuangDong Super Telecom Co Ltd (SS:603322), which rose 10.02% or 2.400 points to trade at 26.360 at the close. Nanjing Panda Electronics Co Ltd (SS:600775) added 9.99% or 0.69 points to end at 7.60 and Eastern Communications Co Ltd A (SS:600776) was up 9.97% or 0.770 points to 8.490 in late trade.

Biggest losers included Huayi Electric Co Ltd (SS:600290), which lost 8.74% or 0.450 points to trade at 4.700 in late trade. Guangdong Songfa Ceramics Co Ltd (SS:603268) declined 7.70% or 1.470 points to end at 17.620 and Lushang Property Co Ltd (SS:600223) shed 5.33% or 0.180 points to 3.200.

The top performers on the SZSE Component were Chongqing Pharscin Pharmaceutical Co Ltd (SZ:002907) which rose 9.99% to 21.69, Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which was up 9.98% to settle at 5.40 and Muyuan Foodstuff Co Ltd (SZ:002714) which gained 7.25% to close at 29.14.

The worst performers were Shenzhen Techand Eco Environment (SZ:300197) which was down 9.94% to 4.35 in late trade, Harbin Gloria Pharmaceuticals (SZ:002437) which lost 8.36% to settle at 2.96 and Xinzhi Motor Co Ltd (SZ:002664) which was down 8.05% to 13.36 at the close.

Advancing stocks outnumbered falling ones by 1080 to 303 and 92 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.15% to 29.01.

In commodities trading, Gold Futures for February delivery was up 0.64% or 8.05 to $1266.15 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.39% or 0.18 to hit $45.77 a barrel, while the March Brent oil contract rose 0.65% or 0.35 to trade at $54.45 a barrel.

USD/CNY was down 0.14% to 6.8969, while EUR/CNY rose 0.11% to 7.8626.

The US Dollar Index Futures was down 0.16% at 96.305.

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