Investing.com – China equities were higher at the close on Friday, as gains in the Oil Equipment Services & Distribution, Electricity and Media sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite gained 0.87% to hit a new 3-year high, while the SZSE Component index climbed 1.17%.
The biggest gainers of the session on the Shanghai Composite were Ningbo Thermal (SS:600982), which rose 10.04% or 1.210 points to trade at 13.260 at the close. Donghua (SS:600393) added 10.03% or 1.550 points to end at 17.010 and Guyuelongshan (SS:600059) was up 10.03% or 1.820 points to 19.970 in late trade.
Biggest losers included Anhui Express (SS:600012), which lost 9.03% or 1.810 points to trade at 18.240 in late trade. Tyan Home (SS:600807) declined 7.27% or 2.320 points to end at 29.600 and Changyuan (SS:600525) shed 6.87% or 2.140 points to 29.000.
The top performers on the SZSE Component were Huayi Brothers Media Corp (SZ:300027) which rose 8.04% to 63.58, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was up 6.66% to settle at 6.25 and Wuliangye Yibin Co Ltd (SZ:000858) which gained 5.01% to close at 30.81.
The worst performers were Suning Commerce Group Co Ltd (SZ:002024) which was down 5.04% to 21.65 in late trade, ZTE Corp (SZ:000063) which lost 1.78% to settle at 32.61 and Beijing Originwater Technology (SZ:300070) which was down 1.18% to 58.81 at the close.
Advancing stocks outnumbered falling ones by 657 to 282 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.73% to 29.59.
In commodities trading, Gold for August delivery was up 0.14% or 1.70 to $1182.10 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.97% or 0.59 to hit $60.18 a barrel, while the July Brent oil contract fell 0.78% or 0.51 to trade at $64.61 a barrel.
USD/CNY was down 0.00% to 6.2063, while EUR/CNY fell 0.26% to 6.9703.
The US Dollar Index was up 0.24% at 95.20.