3 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 1.05%

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

Investing.com – China stocks were higher after the close on Wednesday, as gains in the Media, Real Estate Investments&Services and Travel&Leisure sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.05%, while the SZSE Component index added 1.60%.

The best performers of the session on the Shanghai Composite were JiShi Media Co Ltd (SS:601929), which rose 10.14% or 0.220 points to trade at 2.390 at the close. Meanwhile, Guizhou BC&TV Information Network Co Ltd (SS:600996) added 10.08% or 0.650 points to end at 7.100 and Ningbo Bird Co Ltd (SS:600130) was up 10.06% or 0.360 points to 3.940 in late trade.

The worst performers of the session were Shanghai DaZhong Public Utilities Group Co Ltd (SS:600635), which fell 10.05% or 0.620 points to trade at 5.550 at the close. Beihai Gofar Marine Biological Industry Co Ltd (SS:600538) declined 10.02% or 0.530 points to end at 4.760 and Shanghai Xinhua Media Co Ltd (SS:600825) was down 9.92% or 0.700 points to 6.360.

The top performers on the SZSE Component were CITIC Guoan Information Industry Co Ltd (SZ:000839) which rose 10.06% to 3.94, Hainan Strait Shipping Co Ltd (SZ:002320) which was up 10.02% to settle at 14.38 and Wasu Media Holding Co Ltd (SZ:000156) which gained 9.98% to close at 9.81.

The worst performers were Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 10.00% to 18.53 in late trade, Zhonghong Holding Co Ltd (SZ:000979) which lost 9.38% to settle at 0.29 and Hunan TV&Broadcast Intermediary Co Ltd (SZ:000917) which was down 6.85% to 6.80 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1166 to 262 and 45 ended unchanged.

Shares in Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) fell to 52-week lows; down 10.00% or 2.06 to 18.53. Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to all time lows; losing 9.38% or 0.03 to 0.29.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 28.73.

Gold Futures for February delivery was down 0.07% or 0.80 to $1219.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.51% or 0.78 to hit $52.34 a barrel, while the February Brent oil contract rose 1.27% or 0.77 to trade at $61.17 a barrel.

USD/CNY was up 0.04% to 6.9542, while EUR/CNY fell 0.04% to 7.8481.

The US Dollar Index Futures was up 0.06% at 97.343.