2 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 0.72%

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

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

At the close in Shanghai, the Shanghai Composite rose 0.72%, while the SZSE Component index climbed 1.58%.

The best performers of the session on the Shanghai Composite were Shanghai Zhixin Electric Co Ltd (SS:600517), which rose 10.14% or 0.360 points to trade at 3.910 at the close. Meanwhile, Fujian Furi Electronics Co Ltd (SS:600203) added 10.11% or 0.48 points to end at 5.23 and Baosheng (SS:600973) was up 10.10% or 0.410 points to 4.470 in late trade.

The worst performers of the session were New China Life Insurance Co Ltd (SS:601336), which fell 6.72% or 2.920 points to trade at 40.510 at the close. Wuhan Hanshang Group Co Ltd (SS:600774) declined 3.82% or 0.510 points to end at 12.840 and Fushun Special Steel Co Ltd (SS:600399) was down 3.28% or 0.090 points to 2.650.

The top performers on the SZSE Component were Talkweb Information System Co Ltd (SZ:002261) which rose 10.09% to 4.690, Chinascholars Group Co Ltd (SZ:000547) which was up 10.04% to settle at 9.10 and Sichuan Danfu Compressor Co Ltd (SZ:002366) which gained 9.96% to close at 11.15.

The worst performers were Zhejiang Jiangshan Chemical Co Ltd (SZ:002061) which was down 5.56% to 9.00 in late trade, GuangDong Huasheng Electrical Appliances Co Ltd (SZ:002670) which lost 3.37% to settle at 10.88 and Jinke Property Group Co Ltd (SZ:000656) which was down 2.60% to 6.00 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1308 to 143 and 28 ended unchanged.

Shares in New China Life Insurance Co Ltd (SS:601336) fell to 52-week lows; losing 6.72% or 2.920 to 40.510.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 25.03 a new 1-month low.

Gold Futures for February delivery was up 0.44% or 5.60 to $1291.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.63% or 0.78 to hit $48.74 a barrel, while the March Brent oil contract rose 1.44% or 0.82 to trade at $57.88 a barrel.

USD/CNY was up 0.01% to 6.8703, while EUR/CNY fell 0.06% to 7.8191.

The US Dollar Index Futures was down 0.14% at 95.613.