Investing.com – China equities were mixed at the close on Monday, as gains in the Banking, Financials and Life Insurance sectors propelled shares higher while losses in the Oil Equipment Services & Distribution, Software & Computer Services and Technology sectors led shares lower.
At the close in Shanghai, the Shanghai Composite gained 2.42%, while the SZSE Component index declined 1.39%.
The biggest gainers of the session on the Shanghai Composite were China Molybden (SS:603993), which rose 10.04% or 1.110 points to trade at 12.170 at the close. Gemdale (SS:600383) added 10.04% or 1.200 points to end at 13.150 and Fiberhome Tele (SS:600498) was up 10.03% or 1.950 points to 21.400 in late trade.
Biggest losers included Qingshan Paper (SS:600103), which lost 10.05% or 0.620 points to trade at 5.550 in late trade. Lushang Proper (SS:600223) declined 10.05% or 0.780 points to end at 6.980 and Phoenix Proper (SS:600716) shed 10.05% or 0.830 points to 7.430.
The top performers on the SZSE Component were Yintai Resources Co Ltd (SZ:000975) which rose 10.03% to 16.90, Sealand Securities Co Ltd (SZ:000750) which was up 10.03% to settle at 14.26 and Oriental Energy Co Ltd (SZ:002221) which gained 10.01% to close at 26.59.
The worst performers were Tianjin Jinbin Development (SZ:000897) which was down 10.06% to 6.26 in late trade, Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which lost 10.04% to settle at 8.87 and Huamei Holding (SZ:000607) which was down 10.03% to 9.69 at the close.
Declining stocks outnumbered rising ones by 688 to 250 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.07% to 30.31.
In commodities trading, Gold for August delivery was down 0.17% or 2.00 to $1165.80 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.77% or 0.42 to hit $55.09 a barrel, while the August Brent oil contract fell 0.95% or 0.57 to trade at $59.74 a barrel.
USD/CNY was up 0.05% to 6.2089, while EUR/CNY fell 0.43% to 6.8684.
The US Dollar Index was up 0.07% at 96.44.