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China shares higher at close of trade; Shanghai Composite up 2.41%

Published 13/07/2015, 08:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 2.41%
EUR/CNY
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FTXIN4651020
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600231
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600531
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600808
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601998
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600157
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000886
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Investing.com – China equities were higher at the close on Monday, as gains in the Retailers, Gas, Water & Multiutilities and Travel & Leisure sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 2.41%, while the SZSE Component index added 4.79%.

The biggest gainers of the session on the Shanghai Composite were Wintime Energy (SS:600157), which rose 10.11% or 0.44 points to trade at 4.79 at the close. Lingyuan Steel (SS:600231) added 10.10% or 0.490 points to end at 5.340 and Maanshan Iron SS (SS:600808) was up 10.09% or 0.470 points to 5.130 in late trade.

Biggest losers included Yuguang (SS:600531), which lost 6.17% or 1.530 points to trade at 23.250 in late trade. Cn Citic Bank (SS:601998) declined 5.83% or 0.570 points to end at 9.210 and Bank Of China SS (SS:601988) shed 5.61% or 0.310 points to 5.220.

The top performers on the SZSE Component were Hainan Expressway Co Ltd (SZ:000886) which rose 10.09% to 6.00, Shenzhen Airport Co Ltd (SZ:000089) which was up 10.08% to settle at 7.10 and Luxi Chemical Group Co Ltd (SZ:000830) which gained 10.07% to close at 8.31.

The worst performers were Jiangsu Yuyue Medical Equipment & Supply Co Ltd (SZ:002223) which was down 10.00% to 60.48 in late trade, Ping An Bank Co Ltd (SZ:000001) which lost 2.83% to settle at 14.44 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 1.86% to 75.45 at the close.

Advancing stocks outnumbered falling ones by 893 to 44 on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.98% to 38.91.

In commodities trading, Gold for August delivery was down 0.28% or 3.20 to $1154.70 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.48% or 0.78 to hit $51.96 a barrel, while the September Brent oil contract fell 1.38% or 0.81 to trade at $58.19 a barrel.

USD/CNY was down 0.01% to 6.2086, while EUR/CNY fell 0.08% to 6.9251.

The US Dollar Index was up 0.05% at 96.01.

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