Investing.com – China equities were higher at the close on Wednesday, as gains in the Gas, Water & Multiutilities, Telecoms and Mobile sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite gained 3.47%, while the SZSE Component index gained 4.11%.
The biggest gainers of the session on the Shanghai Composite were Jlec (SS:601518), which rose 10.08% or 0.510 points to trade at 5.570 at the close. Ningbo Marine (SS:600798) added 10.07% or 0.740 points to end at 8.090 and Rizhao Port (SS:600017) was up 10.07% or 0.720 points to 7.870 in late trade.
Biggest losers included Sd Hiking (SS:600735), which lost 7.39% or 1.750 points to trade at 21.920 in late trade. Atlantic (SS:600558) declined 5.62% or 0.630 points to end at 10.580 and Air China SS (SS:601111) shed 5.16% or 0.790 points to 14.520.
The top performers on the SZSE Component were Tangshan Jidong Cement Co Ltd (SZ:000401) which rose 10.05% to 11.83, Create Technology & Science Co Ltd (SZ:000551) which was up 10.05% to settle at 10.51 and Beijing Dabeinong Technology Group Co Ltd (SZ:002385) which gained 10.03% to close at 15.47.
The worst performers were Centre Testing Intl Shenzhen (SZ:300012) which was down 10.01% to 31.39 in late trade, Shenzhen Aisidi Co Ltd (SZ:002416) which lost 10.01% to settle at 18.60 and Guangzhou Zhujiang Brewery Co Ltd (SZ:002461) which was down 5.61% to 18.18 at the close.
Advancing stocks outnumbered falling ones by 932 to 41 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 12.10% to 33.85.
In commodities trading, Gold for December delivery was up 0.02% or 0.20 to $1096.90 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.03% or 0.49 to hit $47.48 a barrel, while the September Brent oil contract fell 1.09% or 0.58 to trade at $52.72 a barrel.
USD/CNY was down 0.01% to 6.2089, while EUR/CNY fell 0.19% to 6.8525.
The US Dollar Index was up 0.20% at 96.95.