Investing.com – China equities were higher at the close on Thursday, as gains in the Telecoms, Mobile and Life Insurance sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite added 2.71% to hit a new 3-year high, while the SZSE Component index climbed 2.35%.
The biggest gainers of the session on the Shanghai Composite were Cn First Heavy (SS:601106), which rose 10.06% or 0.660 points to trade at 7.220 at the close. Chutian Exp (SS:600035) added 10.06% or 0.870 points to end at 9.520 and Wintime Energy (SS:600157) was up 10.04% or 0.70 points to 7.67 in late trade.
Biggest losers included Joincare (SS:600380), which lost 7.36% or 1.910 points to trade at 24.040 in late trade. Htdc (SS:601188) declined 6.15% or 0.480 points to end at 7.320 and China Railway (SS:600528) shed 6.08% or 1.650 points to 25.470.
The top performers on the SZSE Component were Wuliangye Yibin Co Ltd (SZ:000858) which rose 9.16% to 27.05, Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was up 8.99% to settle at 95.80 and Luzhou Lao Jiao Co Ltd (SZ:000568) which gained 7.54% to close at 26.38.
The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 2.68% to 81.55 in late trade, Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which lost 1.40% to settle at 32.38 and Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was down 0.23% to 4.40 at the close.
Advancing stocks outnumbered falling ones by 734 to 219 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 6.05% to 32.44.
In commodities trading, Gold for June delivery was up 0.22% or 2.70 to $1204.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.60% or 0.34 to hit $56.05 a barrel, while the June Brent oil contract fell 1.15% or 0.73 to trade at $62.59 a barrel.
USD/CNY was down 0.11% to 6.1970, while EUR/CNY fell 0.43% to 6.6014.
The US Dollar Index was up 0.28% at 98.82.