2 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 0.44%

Investing.com – China stocks were higher after the close on Friday, as gains in the Electricity, Utilities and Travel&Leisure sectors

Investing.com – China stocks were higher after the close on Friday, as gains in the Electricity, Utilities and Travel&Leisure sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.44%, while the SZSE Component index added 0.34%.

The best performers of the session on the Shanghai Composite were Pengqi Technology Development Co Ltd B (SS:900907), which rose 10.14% or 0.036 points to trade at 0.391 at the close. Meanwhile, Pengqi Technology Development Co Ltd A (SS:600614) added 10.12% or 0.330 points to end at 3.590 and Hangzhou Advance Gearbox Group Co Ltd (SS:601177) was up 10.05% or 0.820 points to 8.980 in late trade.

The worst performers of the session were Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which fell 8.63% or 0.460 points to trade at 4.870 at the close. China National Software&Service Co Ltd (SS:600536) declined 7.59% or 1.720 points to end at 20.930 and Inspur Software Co Ltd (SS:600756) was down 7.33% or 1.210 points to 15.290.

The top performers on the SZSE Component were Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which rose 8.23% to 6.84, Sealand Securities Co Ltd (SZ:000750) which was up 7.92% to settle at 4.36 and Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which gained 6.83% to close at 10.16.

The worst performers were Inspur Electronic Info Industr (SZ:000977) which was down 6.63% to 15.920 in late trade, Hybio Pharmaceutical (SZ:300199) which lost 6.13% to settle at 9.34 and Shenzhen Techand Eco Environment (SZ:300197) which was down 5.01% to 3.79 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 779 to 588 and 110 ended unchanged.

Shares in Shenzhen Techand Eco Environment (SZ:300197) fell to 5-year lows; falling 5.01% or 0.20 to 3.79.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 28.88.

Gold Futures for February delivery was up 0.13% or 1.70 to $1282.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.44% or 1.09 to hit $45.70 a barrel, while the March Brent oil contract rose 2.11% or 1.11 to trade at $53.84 a barrel.

USD/CNY was down 0.17% to 6.8548, while EUR/CNY fell 0.03% to 7.8484.

The US Dollar Index Futures was down 0.06% at 95.942.