Investing.com – China equities were higher at the close on Friday, as gains in the Real Estate Investments & Services, Gas, Water & Multiutilities and Media sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 0.27% to hit a new 3-year high, while the SZSE Component index gained 1.27%.
The biggest gainers of the session on the Shanghai Composite were Xianglong Pow (SS:600769), which rose 10.04% or 0.990 points to trade at 10.850 at the close. Benefo (SS:600468) added 10.03% or 1.690 points to end at 18.540 and Fuling (SS:600452) was up 10.02% or 1.920 points to 21.090 in late trade.
Biggest losers included Fushun Steel (SS:600399), which lost 9.99% or 3.690 points to trade at 33.240 in late trade. Dawning Information (SS:603019) declined 9.86% or 7.75 points to end at 70.89 and Tielong Log (SS:600125) shed 7.12% or 0.900 points to 11.740.
The top performers on the SZSE Component were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which rose 9.97% to 35.40, China Merchants Property Development Co Ltd (SZ:000024) which was up 7.61% to settle at 30.40 and Qinghai Salt Lake Industry Co Ltd (SZ:000792) which gained 5.05% to close at 30.35.
The worst performers were BYD Co Ltd (SZ:002594) which was down 2.53% to 52.85 in late trade, AVIC Aircraft Co Ltd (SZ:000768) which lost 1.93% to settle at 26.36 and Bank of Ningbo Co Ltd (SZ:002142) which was down 1.93% to 17.82 at the close.
Advancing stocks outnumbered falling ones by 640 to 326 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.15% to 20.17.
In commodities trading, Gold for April delivery was down 0.39% or 4.70 to $1200.10 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.80% or 0.93 to hit $50.51 a barrel, while the May Brent oil contract fell 1.60% or 0.94 to trade at $58.15 a barrel.
USD/CNY was up 0.01% to 6.2120, while EUR/CNY fell 0.35% to 6.7344.
The US Dollar Index was up 0.40% at 97.93.