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China shares higher at close of trade; Shanghai Composite up 1.72%

Published 02/06/2015, 08:35
China shares higher at close of trade; Shanghai Composite up 1.72%

Investing.com – China equities were higher at the close on Tuesday, as gains in the Software & Computer Services, Technology and Media sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.72%, while the SZSE Component index added 3.36%.

The biggest gainers of the session on the Shanghai Composite were Js Chunlan (SS:600854), which rose 10.04% or 1.070 points to trade at 11.730 at the close. Wintime Energy (SS:600157) added 10.03% or 0.97 points to end at 10.64 and Jangho Curtain (SS:601886) was up 10.03% or 1.780 points to 19.530 in late trade.

Biggest losers included Dawning Information (SS:603019), which lost 5.49% or 8.07 points to trade at 138.80 in late trade. Ch Jialing Ind (SS:600877) declined 4.56% or 0.720 points to end at 15.080 and Datang Telecom (SS:600198) shed 4.17% or 2.160 points to 49.650.

The top performers on the SZSE Component were Huayi Brothers Media Corp (SZ:300027) which rose 10.01% to 48.35, AVIC Aircraft Co Ltd (SZ:000768) which was up 10.00% to settle at 48.50 and Weichai Power Co Ltd (SZ:000338) which gained 10.00% to close at 35.43.

The worst performers were Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 1.39% to 98.60 in late trade, Gree Electric Appliances Inc of Zhuhai (SZ:000651) which lost 1.38% to settle at 64.15 and Yunnan Baiyao Group Co Ltd (SZ:000538) which was down 1.19% to 77.08 at the close.

Advancing stocks outnumbered falling ones by 809 to 140 on the Shanghai Stock Exchange.

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The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.96% to 31.18.

In commodities trading, Gold for August delivery was down 0.04% or 0.50 to $1188.20 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.76% or 0.46 to hit $60.66 a barrel, while the July Brent oil contract rose 0.65% or 0.42 to trade at $65.30 a barrel.

USD/CNY was down 0.02% to 6.1980, while EUR/CNY rose 0.39% to 6.8015.

The US Dollar Index was down 0.37% at 97.17.

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