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China shares higher at close of trade; Shanghai Composite up 1.36%

Published 15/01/2019, 07:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.36%
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Investing.com – China equities were higher at the close on Tuesday, as gains in the Life Insurance, Technology Hardware & Equipment and Technology sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.36%, while the SZSE Component index added 1.86%.

The biggest gainers of the session on the Shanghai Composite were Ningbo Haitian Precision Machinery Co Ltd (SS:601882), which rose 10.07% or 0.760 points to trade at 8.310 at the close. Pengqi Technology Development Co Ltd A (SS:600614) added 10.07% or 0.590 points to end at 6.450 and Pengqi Technology Development Co Ltd B (SS:900907) was up 10.05% or 0.044 points to 0.482 in late trade.

Biggest losers included Zhongchangmari (SS:600242), which lost 9.99% or 1.650 points to trade at 14.870 in late trade. Wintime Energy Co Ltd (SS:600157) declined 7.33% or 0.140 points to end at 1.770 and GuangDong Super Telecom Co Ltd (SS:603322) shed 6.40% or 2.240 points to 32.760.

The top performers on the SZSE Component were Suzhou Victory Precision Manufacture Co Ltd (SZ:002426) which rose 10.15% to 2.93, Hainan RuiZe New Building Material Co Ltd (SZ:002596) which was up 10.06% to settle at 7.00 and Hytera Communications Corp Ltd (SZ:002583) which gained 10.06% to close at 9.19.

The worst performers were Jiangsu Kangde Xin Composite Material Co Ltd (SZ:002450) which was down 10.03% to 6.46 in late trade, Shenwu Environmental Tech (SZ:300156) which lost 5.59% to settle at 3.55 and Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which was down 4.28% to 4.25 at the close.

Advancing stocks outnumbered falling ones by 1176 to 226 and 79 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.61% to 22.08.

In commodities trading, Gold Futures for February delivery was down 0.05% or 0.65 to $1290.65 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.31% or 0.66 to hit $51.17 a barrel, while the March Brent oil contract rose 1.14% or 0.67 to trade at $59.66 a barrel.

USD/CNY was down 0.23% to 6.7524, while EUR/CNY fell 0.16% to 7.7514.

The US Dollar Index Futures was down 0.04% at 95.172.

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