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China shares higher at close of trade; Shanghai Composite up 0.58%

Published 15/05/2018, 08:35
Updated 15/05/2018, 08:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.58%

© Reuters. China shares higher at close of trade; Shanghai Composite up 0.58%

Investing.com – China equities were higher at the close on Tuesday, as gains in the Telecoms, Mobile and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.58% to hit a new 1-month high, while the SZSE Component index gained 0.72%.

The biggest gainers of the session on the Shanghai Composite were Cultural Investment Holdings Co Ltd (SS:600715), which rose 10.05% or 0.860 points to trade at 9.420 at the close. Jiangsu Rutong Petro-Machinery Co Ltd (SS:603036) added 10.03% or 1.550 points to end at 17.010 and Zhejiang Dehong Automotive Electrical System Co Ltd (SS:603701) was up 10.02% or 1.830 points to 20.100 in late trade.

Biggest losers included Aurora Optoelectronics Co Ltd (SS:600666), which lost 9.98% or 0.830 points to trade at 7.490 in late trade. Shanghai Diesel Engine Co Ltd A (SS:600841) declined 7.62% or 1.320 points to end at 16.000 and Luenmei Quantum Co Ltd (SS:600167) shed 5.87% or 1.310 points to 21.010.

The top performers on the SZSE Component were Apex Technology Co Ltd (SZ:002180) which rose 7.57% to 31.55, Beijing Shiji Information Technology Co Ltd (SZ:002153) which was up 6.97% to settle at 25.63 and Wuxi Lead Auto Equipment Co Ltd (SZ:300450) which gained 6.78% to close at 74.00.

The worst performers were Cefc Anhui International Holding Co Ltd (SZ:002018) which was down 5.09% to 2.61 in late trade, Beijing Miteno Communication Technology Co Ltd (SZ:300038) which lost 4.82% to settle at 14.82 and Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) which was down 3.75% to 5.39 at the close.

Advancing stocks outnumbered falling ones by 1042 to 281 and 52 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 20.85.

In commodities trading, Gold Futures for June delivery was down 0.49% or 6.50 to $1311.70 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.06% or 0.04 to hit $70.92 a barrel, while the July Brent oil contract rose 0.04% or 0.03 to trade at $78.26 a barrel.

USD/CNY was up 0.20% to 6.3519, while EUR/CNY rose 0.27% to 7.5820.

The US Dollar Index Futures was down 0.03% at 92.52.

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