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China shares higher at close of trade; Shanghai Composite up 1.23%

Published 13/12/2018, 07:35
Updated 13/12/2018, 07:35
China shares higher at close of trade; Shanghai Composite up 1.23%

China shares higher at close of trade; Shanghai Composite up 1.23%

Investing.com – China equities were higher at the close on Thursday, as gains in the Real Estate Investments & Services, Travel & Leisure and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.23%, while the SZSE Component index climbed 1.43%.

The biggest gainers of the session on the Shanghai Composite were Sichuan Languang Development Co Ltd (SS:600466), which rose 10.09% or 0.540 points to trade at 5.890 at the close. Center International Group Co Ltd (SS:603098) added 10.01% or 1.170 points to end at 12.860 and Nanjing Panda Electronics Co Ltd (SS:600775) was up 9.94% or 0.62 points to 6.86 in late trade.

Biggest losers included Shanghai Zhongji Investment Holding Co Ltd (SS:600634), which lost 4.89% or 0.15 points to trade at 2.92 in late trade. Jilin Chengcheng Group Co Ltd (SS:600247) declined 4.40% or 0.250 points to end at 5.430 and Zhejiang Huahai Pharmaceutical Co Ltd (SS:600521) shed 3.50% or 0.460 points to 12.700.

The top performers on the SZSE Component were Hangzhou Robam Appliances Co Ltd (SZ:002508) which rose 10.02% to 23.17, Sichuan Haite High-tech Co Ltd (SZ:002023) which was up 9.98% to settle at 10.58 and Qingdao TGOOD Electric Co Ltd (SZ:300001) which gained 8.04% to close at 19.36.

The worst performers were Beijing Lanxum Tech Co (SZ:300010) which was down 4.18% to 8.26 in late trade, Guangdong Wens Foodstuff Group Co Ltd (SZ:300498) which lost 2.89% to settle at 25.54 and Digital China Information Service Co Ltd (SZ:000555) which was down 2.86% to 9.86 at the close.

Advancing stocks outnumbered falling ones by 1169 to 226 and 81 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 26.32.

In commodities trading, Gold Futures for February delivery was up 0.00% or 0.05 to $1250.70 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.06% or 0.03 to hit $51.23 a barrel, while the February Brent oil contract rose 0.35% or 0.21 to trade at $60.36 a barrel.

USD/CNY was down 0.24% to 6.8636, while EUR/CNY fell 0.19% to 7.8079.

The US Dollar Index Futures was down 0.03% at 96.990.

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