3 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 1.23%

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

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

At the close in Shanghai, the Shanghai Composite gained 1.23%, while the SZSE Component index gained 1.43%.

The best performers of the session on the Shanghai Composite were Sichuan Languang Development Co Ltd (SS:600466), which rose 10.09% or 0.540 points to trade at 5.890 at the close. Meanwhile, Center International Group Co Ltd (SS:603098) added 10.01% or 1.170 points to end at 12.860 and Nanjing Panda Electronics Co Ltd (SS:600775) was up 9.94% or 0.62 points to 6.86 in late trade.

The worst performers of the session were Shanghai Zhongji Investment Holding Co Ltd (SS:600634), which fell 4.89% or 0.15 points to trade at 2.92 at the close. Jilin Chengcheng Group Co Ltd (SS:600247) declined 4.40% or 0.250 points to end at 5.430 and Zhejiang Huahai Pharmaceutical Co Ltd (SS:600521) was down 3.50% or 0.460 points to 12.700.

The top performers on the SZSE Component were Hangzhou Robam Appliances Co Ltd (SZ:002508) which rose 10.02% to 23.17, Sichuan Haite High-tech Co Ltd (SZ:002023) which was up 9.98% to settle at 10.58 and Qingdao TGOOD Electric Co Ltd (SZ:300001) which gained 8.04% to close at 19.36.

The worst performers were Beijing Lanxum Tech Co (SZ:300010) which was down 4.18% to 8.26 in late trade, Guangdong Wens Foodstuff Group Co Ltd (SZ:300498) which lost 2.89% to settle at 25.54 and Digital China Information Service Co Ltd (SZ:000555) which was down 2.86% to 9.86 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1169 to 226 and 81 ended unchanged.

Shares in Qingdao TGOOD Electric Co Ltd (SZ:300001) rose to 52-week highs; rising 8.04% or 1.44 to 19.36.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 26.32.

Gold Futures for February delivery was up 0.02% or 0.20 to $1250.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.06% or 0.03 to hit $51.23 a barrel, while the February Brent oil contract rose 0.35% or 0.21 to trade at $60.36 a barrel.

USD/CNY was down 0.24% to 6.8635, while EUR/CNY fell 0.19% to 7.8083.

The US Dollar Index Futures was down 0.03% at 96.985.