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Stock Market

China stocks higher at close of trade; Shanghai Composite up 0.35%

Investing.com – China stocks were higher after the close on Thursday, as gains in the Life Insurance, Banking and Financials

Investing.com – China stocks were higher after the close on Thursday, as gains in the Life Insurance, Banking and Financials sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.35%, while the SZSE Component index climbed 0.12%.

The best performers of the session on the Shanghai Composite were Shanghai Shenhua Holdings Co Ltd (SS:600653), which rose 9.90% or 0.200 points to trade at 2.220 at the close. Meanwhile, Guangdong Ellington Electronics Technology Co Ltd (SS:603328) added 7.26% or 0.71 points to end at 10.49 and Inspur Software Co Ltd (SS:600756) was up 6.63% or 1.010 points to 16.250 in late trade.

The worst performers of the session were Beijing Huaye Capital Holdings Co Ltd (SS:600240), which fell 10.18% or 0.230 points to trade at 2.030 at the close. Xinke Material (SS:600255) declined 10.16% or 0.190 points to end at 1.680 and Xiamen XGMA Machinery Co Ltd (SS:600815) was down 10.14% or 0.290 points to 2.570.

The top performers on the SZSE Component were Beijing Lanxum Tech Co (SZ:300010) which rose 8.69% to 7.13, Zhejiang Jinke Peroxides Co Ltd (SZ:300459) which was up 6.87% to settle at 7.00 and JANUS Dongguan Precision Components Co Ltd (SZ:300083) which gained 6.67% to close at 2.56.

The worst performers were Ourpalm (SZ:300315) which was down 10.12% to 3.02 in late trade, United Electronics Co Ltd (SZ:002642) which lost 10.05% to settle at 5.55 and Meisheng Cultural&Creative Corp Ltd (SZ:002699) which was down 10.02% to 4.40 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1087 to 360 and 37 ended unchanged.

Shares in Beijing Huaye Capital Holdings Co Ltd (SS:600240) fell to 5-year lows; down 10.18% or 0.230 to 2.030. Shares in Xiamen XGMA Machinery Co Ltd (SS:600815) fell to 5-year lows; falling 10.14% or 0.290 to 2.570. Shares in Ourpalm (SZ:300315) fell to 5-year lows; down 10.12% or 0.34 to 3.02. Shares in United Electronics Co Ltd (SZ:002642) fell to 5-year lows; falling 10.05% or 0.62 to 5.55. Shares in Meisheng Cultural&Creative Corp Ltd (SZ:002699) fell to 5-year lows; falling 10.02% or 0.49 to 4.40.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.35% to 21.92.

Gold Futures for February delivery was up 0.82% or 10.70 to $1320.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.29 to hit $54.52 a barrel, while the April Brent oil contract rose 0.71% or 0.44 to trade at $61.98 a barrel.

USD/CNY was down 0.13% to 6.7028, while EUR/CNY rose 0.17% to 7.7160.

The US Dollar Index Futures was down 0.13% at 94.907.