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

Published 24/12/2018, 07:35
Updated 24/12/2018, 07:35
China shares higher at close of trade; Shanghai Composite up 0.43%

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.

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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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