2 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 1.36%

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Life Insurance, Technology Hardware&Equipment and

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Life Insurance, Technology Hardware&Equipment and Technology sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 1.36%, while the SZSE Component index gained 1.86%.

The best performers of the session on the Shanghai Composite were Ningbo Haitian Precision Machinery Co Ltd (SS:601882), which rose 10.07% or 0.760 points to trade at 8.310 at the close. Meanwhile, Pengqi Technology Development Co Ltd A (SS:600614) added 10.07% or 0.590 points to end at 6.450 and Pengqi Technology Development Co Ltd B (SS:900907) was up 10.05% or 0.044 points to 0.482 in late trade.

The worst performers of the session were Zhongchangmari (SS:600242), which fell 9.99% or 1.650 points to trade at 14.870 at the close. Wintime Energy Co Ltd (SS:600157) declined 7.33% or 0.140 points to end at 1.770 and GuangDong Super Telecom Co Ltd (SS:603322) was down 6.40% or 2.240 points to 32.760.

The top performers on the SZSE Component were Suzhou Victory Precision Manufacture Co Ltd (SZ:002426) which rose 10.15% to 2.93, Hainan RuiZe New Building Material Co Ltd (SZ:002596) which was up 10.06% to settle at 7.00 and Hytera Communications Corp Ltd (SZ:002583) which gained 10.06% to close at 9.19.

The worst performers were Jiangsu Kangde Xin Composite Material Co Ltd (SZ:002450) which was down 10.03% to 6.46 in late trade, Shenwu Environmental Tech (SZ:300156) which lost 5.59% to settle at 3.55 and Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which was down 4.28% to 4.25 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1176 to 226 and 79 ended unchanged.

Shares in Jiangsu Kangde Xin Composite Material Co Ltd (SZ:002450) fell to 5-year lows; falling 10.03% or 0.72 to 6.46. Shares in Shenwu Environmental Tech (SZ:300156) fell to all time lows; falling 5.59% or 0.21 to 3.55.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.61% to 22.08.

Gold Futures for February delivery was down 0.04% or 0.55 to $1290.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.29% or 0.65 to hit $51.16 a barrel, while the March Brent oil contract rose 1.14% or 0.67 to trade at $59.66 a barrel.

USD/CNY was down 0.23% to 6.7526, while EUR/CNY fell 0.16% to 7.7514.

The US Dollar Index Futures was down 0.03% at 95.175.