1 month ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 0.41%

Investing.com – China stocks were higher after the close on Thursday, as gains in the Software&Computer Services, Technology and Life

Investing.com – China stocks were higher after the close on Thursday, as gains in the Software&Computer Services, Technology and Life Insurance sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.41%, while the SZSE Component index gained 0.66%.

The best performers of the session on the Shanghai Composite were Harbin Dongan Auto Engine Co Ltd (SS:600178), which rose 10.09% or 0.470 points to trade at 5.130 at the close. Meanwhile, Shanghai Industrial Development Co Ltd (SS:600748) added 10.08% or 0.520 points to end at 5.680 and Hunan Corun New Energy Co Ltd (SS:600478) was up 10.05% or 0.440 points to 4.820 in late trade.

The worst performers of the session were Eastern Gold Jade Co Ltd (SS:600086), which fell 9.92% or 0.390 points to trade at 3.540 at the close. Hongda (SS:600331) declined 7.54% or 0.230 points to end at 2.820 and Xinjiang Winka Times Department Store Co Ltd (SS:603101) was down 7.28% or 0.990 points to 12.600.

The top performers on the SZSE Component were Meisheng Cultural&Creative Corp Ltd (SZ:002699) which rose 10.06% to 5.69, Sungrow Power Supply Co Ltd (SZ:300274) which was up 10.03% to settle at 11.41 and Beijing Sevenstar Electronics Co Ltd (SZ:002371) which gained 8.76% to close at 45.80.

The worst performers were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which was down 9.92% to 4.36 in late trade, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which lost 5.33% to settle at 1.60 and Jinke Property Group Co Ltd (SZ:000656) which was down 5.28% to 5.56 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 830 to 542 and 110 ended unchanged.

Shares in Eastern Gold Jade Co Ltd (SS:600086) fell to 5-year lows; losing 9.92% or 0.390 to 3.540.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.62% to 21.67.

Gold Futures for February delivery was down 0.35% or 4.55 to $1279.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.34% or 0.18 to hit $52.44 a barrel, while the March Brent oil contract fell 0.43% or 0.26 to trade at $60.88 a barrel.

USD/CNY was up 0.03% to 6.7915, while EUR/CNY fell 0.04% to 7.7236.

The US Dollar Index Futures was up 0.13% at 95.898.