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China stocks higher at close of trade; Shanghai Composite up 0.43%

Published 04/02/2015, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 0.43%
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Investing.com – China stocks were higher after the close on Thursday, as gains in the Retailers, Software & Computer Services and Technology sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.43% to hit a new 3-year high, while the SZSE Component index climbed 0.23%.

The best performers of the session on the Shanghai Composite were Jinbei Automot (SS:600609), which rose 10.09% or 0.580 points to trade at 6.330 at the close. Meanwhile, Nine Dragon-A (SS:600555) added 10.07% or 0.72 points to end at 7.87 and Founder Tech (SS:600601) was up 10.05% or 0.920 points to 10.070 in late trade.

The worst performers of the session were Boyuan Investm (SS:600656), which fell 5.01% or 0.340 points to trade at 6.440 at the close. Xin Nanyang (SS:600661) declined 3.49% or 1.730 points to end at 47.900 and Start Group (SS:600734) was down 3.18% or 0.290 points to 8.820.

The top performers on the SZSE Component were Zhejiang Dahua Technology Co Ltd (SZ:002236) which rose 7.36% to 39.97, Goertek Inc (SZ:002241) which was up 4.53% to settle at 35.31 and BYD Co Ltd (SZ:002594) which gained 3.82% to close at 59.84.

The worst performers were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which was down 4.18% to 34.40 in late trade, TCL Corp (SZ:000100) which lost 2.06% to settle at 6.19 and China Merchants Property Development Co Ltd (SZ:000024) which was down 1.51% to 31.96 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 717 to 250.

Shares in Jinbei Automot (SS:600609) rose to 3-year highs; gaining 10.09% or 0.580 to 6.330. Shares in Nine Dragon-A (SS:600555) rose to all time highs; rising 10.07% or 0.72 to 7.87. Shares in Founder Tech (SS:600601) rose to all time highs; rising 10.05% or 0.920 to 10.070. Shares in Zhejiang Dahua Technology Co Ltd (SZ:002236) rose to 52-week highs; up 7.36% or 2.74 to 39.97. Shares in Goertek Inc (SZ:002241) rose to 52-week highs; rising 4.53% or 1.53 to 35.31. Shares in BYD Co Ltd (SZ:002594) rose to all time highs; rising 3.82% or 2.20 to 59.84.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.12% to 23.12.

Gold for June delivery was down 0.13% or 1.60 to $1206.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.00% or 0.01 to hit $50.09 a barrel, while the May Brent oil contract rose 0.18% or 0.10 to trade at $57.20 a barrel.

USD/CNY was down 0.00% to 6.1970, while EUR/CNY rose 0.57% to 6.7114.

The US Dollar Index was down 0.55% at 97.98.

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