3 months ago
Stock Market

China stocks higher at close of trade; Shanghai Composite up 2.57%

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

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

At the close in Shanghai, the Shanghai Composite gained 2.57%, while the SZSE Component index climbed 3.34%.

The best performers of the session on the Shanghai Composite were Sundy Land Investment Co Ltd (SS:600077), which rose 10.11% or 0.270 points to trade at 2.940 at the close. Meanwhile, Eastern Communications Co Ltd A (SS:600776) added 10.09% or 0.570 points to end at 6.220 and Korla Pear (SS:600506) was up 10.05% or 0.950 points to 10.400 in late trade.

The worst performers of the session were Zhejiang Langdi Group Co Ltd (SS:603726), which fell 5.03% or 1.600 points to trade at 30.200 at the close. Ginwa Enterprise Group Inc (SS:600080) declined 3.61% or 0.380 points to end at 10.150 and Future Land Holdings Co Ltd (SS:601155) was down 2.19% or 0.600 points to 26.760.

The top performers on the SZSE Component were Suzhou Dongshan Precision Manufacturing Co Ltd (SZ:002384) which rose 10.03% to 12.61, Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was up 10.03% to settle at 20.19 and Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which gained 10.02% to close at 4.94.

The worst performers were Beijing Watertek Information Technology Co Ltd (SZ:300324) which was down 5.72% to 7.25 in late trade, BYD Co Ltd Class A (SZ:002594) which lost 1.61% to settle at 56.08 and Fujian Sunner Development Co Ltd (SZ:002299) which was down 1.56% to 17.03 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1456 to 16 and 4 ended unchanged.

Shares in Beijing Watertek Information Technology Co Ltd (SZ:300324) fell to 3-years lows; down 5.72% or 0.44 to 7.25.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 28.11.

Gold Futures for February delivery was up 0.81% or 9.90 to $1235.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.69% or 2.39 to hit $53.32 a barrel, while the February Brent oil contract rose 4.37% or 2.60 to trade at $62.06 a barrel.

USD/CNY was down 1.00% to 6.8894, while EUR/CNY fell 0.51% to 7.8382.

The US Dollar Index Futures was down 0.49% at 96.715.