China shares higher at close of trade; Shanghai Composite up 0.74% By Investing.com

China shares higher at close of trade; Shanghai Composite up 0.74%

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Investing.com – China equities were higher at the close on Friday, as gains in the Telecoms, Mobile and Travel & Leisure sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.74%, while the SZSE Component index climbed 0.61%.

The biggest gainers of the session on the Shanghai Composite were Wintime Energy Co Ltd (SS:600157), which rose 10.13% or 0.160 points to trade at 1.740 at the close. Henan Zhongfu Industrial Co Ltd (SS:600595) added 10.10% or 0.210 points to end at 2.290 and Dr Peng Telecom and Media Group Co Ltd (SS:600804) was up 10.07% or 0.760 points to 8.310 in late trade.

Biggest losers included Shanghai Guangdian Electric Group Co Ltd (SS:601616), which lost 10.09% or 0.470 points to trade at 4.190 in late trade. Zhongchangmari (SS:600242) declined 10.01% or 1.980 points to end at 17.810 and Jinzhou Port Co Ltd A (SS:600190) shed 9.16% or 0.340 points to 3.370.

The top performers on the SZSE Component were Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which rose 10.08% to 4.04, Kyland Technology Co Ltd (SZ:300353) which was up 10.05% to settle at 10.29 and Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which gained 10.00% to close at 1.54.

The worst performers were Shanghai Kingstar Winning Software (SZ:300253) which was down 8.07% to 10.25 in late trade, Beijing SuperMap Software Co Ltd (SZ:300036) which lost 7.13% to settle at 16.29 and Hisense Kelon Electrical Holdings Co Ltd (SZ:000921) which was down 4.72% to 7.87 at the close.

Advancing stocks outnumbered falling ones by 1073 to 341 and 67 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 22.44 a new 3-month low.

In commodities trading, Gold Futures for February delivery was up 0.56% or 7.15 to $1294.55 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.11% or 0.06 to hit $52.65 a barrel, while the March Brent oil contract fell 0.06% or 0.04 to trade at $61.64 a barrel.

USD/CNY was down 0.55% to 6.7510, while EUR/CNY fell 0.28% to 7.7821.

The US Dollar Index Futures was down 0.18% at 94.953.

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