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China shares higher at close of trade; Shanghai Composite up 1.97%

Stock MarketsApr 24, 2018 08:40
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© Reuters. China shares higher at close of trade; Shanghai Composite up 1.97%

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

At the close in Shanghai, the Shanghai Composite added 1.97%, while the SZSE Component index gained 2.19%.

The biggest gainers of the session on the Shanghai Composite were Bright Real Estate Group Co Ltd (SS:600708), which rose 10.08% or 0.64 points to trade at 6.99 at the close. Hefei Metalforming Intelligent Manufacturing Co Ltd (SS:603011) added 10.03% or 0.75 points to end at 8.23 and Jilin Expressway Co Ltd (SS:601518) was up 10.03% or 0.360 points to 3.950 in late trade.

Biggest losers included Asian Star Anchor Chain Co Ltd Jiangsu (SS:601890), which lost 7.53% or 0.510 points to trade at 6.260 in late trade. Lawton Develop (SS:600209) declined 4.98% or 0.410 points to end at 7.830 and Aluminum Corp of China Ltd (SS:601600) shed 4.98% or 0.250 points to 4.770.

The top performers on the SZSE Component were Shanghai 2345 Network Holding Group (SZ:002195) which rose 10.03% to 7.13, Shenzhen Huaqiang Industry Co Ltd (SZ:000062) which was up 10.00% to settle at 22.11 and Guizhou Space Appliance Co Ltd (SZ:002025) which gained 10.00% to close at 27.38.

The worst performers were Zhejiang Wanfeng Auto Wheel Co Ltd (SZ:002085) which was down 10.03% to 10.05 in late trade, Hunan China Sun Pharma Machinery (SZ:300216) which lost 8.48% to settle at 9.17 and United Electronics Co Ltd (SZ:002642) which was down 5.83% to 11.63 at the close.

Advancing stocks outnumbered falling ones by 1302 to 56 and 7 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.18% to 22.47.

In commodities trading, Gold Futures for June delivery was up 0.18% or 2.40 to $1326.40 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.76% or 0.52 to hit $69.16 a barrel, while the June Brent oil contract rose 0.47% or 0.35 to trade at $75.06 a barrel.

USD/CNY was up 0.01% to 6.3177, while EUR/CNY fell 0.12% to 7.7020.

The US Dollar Index Futures was up 0.12% at 90.80.

China shares higher at close of trade; Shanghai Composite up 1.97%
 

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