Investing.com – China equities were higher at the close on Friday, as gains in the Telecoms, Mobile and Software & Computer Services sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite gained 4.90%, while the SZSE Component index added 5.32%.
The biggest gainers of the session on the Shanghai Composite were Shandong Iron (SS:600022), which rose 10.11% or 0.370 points to trade at 4.030 at the close. Lingyuan Steel (SS:600231) added 10.10% or 0.500 points to end at 5.450 and Jlec (SS:601518) was up 10.09% or 0.450 points to 4.910 in late trade.
Biggest losers included Sc Langsha (SS:600137), which lost 10.01% or 3.200 points to trade at 28.760 in late trade. Rongtai (SS:600589) declined 9.98% or 1.080 points to end at 9.740 and Jinrui Mineral (SS:600714) shed 5.57% or 0.710 points to 12.030.
The top performers on the SZSE Component were Xinjiang Tianshan Cement Co Ltd (SZ:000877) which rose 10.06% to 9.08, Huatian Hotel Group Co Ltd (SZ:000428) which was up 10.06% to settle at 7.00 and Dalian Huarui Heavy Industry Group Co Ltd (SZ:002204) which gained 10.05% to close at 8.32.
The worst performers were Guangdong Alpha Animation and Culture Co Ltd (SZ:002292) which was down 9.99% to 34.07 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which unchanged 0.00% to settle at 26.90 and Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which was unchanged 0.00% to 52.88 at the close.
Advancing stocks outnumbered falling ones by 931 to 12 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 11.31% to 41.80.
In commodities trading, Gold for December delivery was up 0.70% or 7.90 to $1130.50 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.81% or 0.34 to hit $42.91 a barrel, while the October Brent oil contract rose 0.55% or 0.26 to trade at $47.82 a barrel.
USD/CNY was down 0.19% to 6.3929, while EUR/CNY rose 0.20% to 7.2149.
The US Dollar Index was down 0.23% at 95.52.