2 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 1.42%

Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services&Distribution, Life Insurance

Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services&Distribution, Life Insurance and Banking sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 1.42% to hit a new 1-month high, while the SZSE Component index gained 1.49%.

The best performers of the session on the Shanghai Composite were Shanghai Hongda Mining Co Ltd (SS:600532), which rose 10.10% or 0.410 points to trade at 4.470 at the close. Meanwhile, Hongda (SS:600331) added 10.04% or 0.240 points to end at 2.630 and Jiangsu Changjiang Electronics Technology Co Ltd (SS:600584) was up 10.02% or 0.830 points to 9.110 in late trade.

The worst performers of the session were Pengqi Technology Development Co Ltd A (SS:600614), which fell 10.03% or 0.680 points to trade at 6.100 at the close. Pengqi Technology Development Co Ltd B (SS:900907) declined 8.87% or 0.043 points to end at 0.442 and Shanghai No1 Pharmacy Co Ltd (SS:600833) was down 7.54% or 0.870 points to 10.670.

The top performers on the SZSE Component were Jiaozuo Wanfang Aluminum (SZ:000612) which rose 10.10% to 4.47, Jiangsu Nhwa Pharmaceutical Co Ltd (SZ:002262) which was up 10.03% to settle at 9.65 and Muyuan Foodstuff Co Ltd (SZ:002714) which gained 10.00% to close at 32.79.

The worst performers were Hunan TV&Broadcast Intermediary Co Ltd (SZ:000917) which was down 7.62% to 6.91 in late trade, Yinji Entertainment Media Co Ltd (SZ:002143) which lost 6.67% to settle at 3.36 and Goldleaf Jewelry Co Ltd (SZ:000587) which was down 6.17% to 3.04 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1086 to 337 and 58 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.74.

Gold Futures for February delivery was down 0.14% or 1.75 to $1290.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.06% or 0.55 to hit $52.62 a barrel, while the March Brent oil contract rose 0.95% or 0.58 to trade at $61.76 a barrel.

USD/CNY was down 0.05% to 6.7700, while EUR/CNY fell 0.01% to 7.7165.

The US Dollar Index Futures was unchanged 0.00% at 95.713.