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China shares higher at close of trade; Shanghai Composite up 2.18%

Published 12/07/2018, 08:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 2.18%
FTXIN4101010
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Investing.com – China equities were higher at the close on Thursday, as gains in the Technology Hardware & Equipment, Technology and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 2.18%, while the SZSE Component index climbed 2.77%.

The biggest gainers of the session on the Shanghai Composite were Starlake Bioscience Co Inc Zhaoqing Guangdong (SS:600866), which rose 10.12% or 0.420 points to trade at 4.570 at the close. Start Group (SS:600734) added 10.05% or 0.620 points to end at 6.790 and Zhejiang XCC Group Co Ltd (SS:603667) was up 10.03% or 1.080 points to 11.850 in late trade.

Biggest losers included Jiangquan Ind (SS:600212), which lost 10.04% or 0.560 points to trade at 5.020 in late trade. Fujian Furi Electronics Co Ltd (SS:600203) declined 9.99% or 0.85 points to end at 7.66 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) shed 9.95% or 0.970 points to 8.780.

The top performers on the SZSE Component were Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which rose 10.07% to 6.34, Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which was up 10.06% to settle at 3.94 and Suzhou Anjie Technology Co Ltd (SZ:002635) which gained 10.03% to close at 18.43.

The worst performers were Yinji Entertainment Media Co Ltd (SZ:002143) which was down 9.99% to 7.93 in late trade, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) which lost 1.00% to settle at 7.96 and ShenZhen YUTO Packaging Technology Co Ltd (SZ:002831) which was down 0.70% to 53.90 at the close.

Advancing stocks outnumbered falling ones by 1366 to 41 and 4 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 24.24.

In commodities trading, Gold Futures for August delivery was up 0.04% or 0.50 to $1244.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.48% or 0.34 to hit $70.72 a barrel, while the September Brent oil contract rose 1.62% or 1.19 to trade at $74.59 a barrel.

USD/CNY was down 0.11% to 6.6733, while EUR/CNY fell 0.07% to 7.7947.

The US Dollar Index Futures was up 0.01% at 94.49.

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