1 month ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 0.39%

Investing.com – China stocks were higher after the close on Friday, as gains in the Banking, Real Estate Investments&Services and

Investing.com – China stocks were higher after the close on Friday, as gains in the Banking, Real Estate Investments&Services and Life Insurance sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.39%, while the SZSE Component index climbed 0.29%.

The best performers of the session on the Shanghai Composite were Poten Environment Group Co Ltd (SS:603603), which rose 10.00% or 1.58 points to trade at 17.38 at the close. Meanwhile, Beijing Bashi Media Co Ltd (SS:600386) added 10.00% or 0.350 points to end at 3.850 and Lanzhou Greatwall Electrical Co Ltd (SS:600192) was up 10.00% or 0.540 points to 5.940 in late trade.

The worst performers of the session were Guizhou Changzheng Tiancheng Holding Co Ltd (SS:600112), which fell 10.07% or 0.450 points to trade at 4.020 at the close. Shanghai Huili Building Materials Co Ltd (SS:900939) declined 10.01% or 0.077 points to end at 0.692 and Guangdong Sitong Group Co Ltd (SS:603838) was down 10.00% or 0.93 points to 8.37.

The top performers on the SZSE Component were CITIC Guoan Information Industry Co Ltd (SZ:000839) which rose 9.94% to 3.54, Yangzhou Yangjie Electronic Technology Co Ltd (SZ:300373) which was up 9.49% to settle at 17.08 and Wuxi Lead Auto Equipment Co Ltd (SZ:300450) which gained 7.39% to close at 30.82.

The worst performers were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which was down 10.09% to 3.92 in late trade, Goldleaf Jewelry Co Ltd (SZ:000587) which lost 10.07% to settle at 2.59 and Beijing Baofeng Technology Co Ltd (SZ:300431) which was down 10.00% to 8.01 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 985 to 438 and 58 ended unchanged.

Shares in Beijing Baofeng Technology Co Ltd (SZ:300431) fell to 3-years lows; down 10.00% or 0.89 to 8.01.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 20.96 a new 3-months low.

Gold Futures for February delivery was up 0.23% or 2.95 to $1282.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.13% or 0.60 to hit $53.73 a barrel, while the March Brent oil contract rose 0.92% or 0.56 to trade at $61.65 a barrel.

USD/CNY was down 0.30% to 6.7632, while EUR/CNY fell 0.14% to 7.6576.

The US Dollar Index Futures was down 0.20% at 96.107.