Investing.com – China stocks were higher after the close on Friday, as gains in the Life Insurance, Technology Hardware & Equipment and Telecoms sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 0.46%, while the SZSE Component index added 0.56%.
The best performers of the session on the Shanghai Composite were Linhai Co Ltd (SS:600099), which rose 10.07% or 0.600 points to trade at 6.560 at the close. Meanwhile, First Tractor Co Ltd (SS:601038) added 10.06% or 0.520 points to end at 5.690 and BanBao Co Ltd (SS:603398) was up 10.01% or 1.660 points to 18.240 in late trade.
The worst performers of the session were Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which fell 10.03% or 1.490 points to trade at 13.370 at the close. Zhengping Road & Bridge Construction Co Ltd (SS:603843) declined 10.03% or 1.020 points to end at 9.150 and Shanghai New Huang Pu Real Estate Co Ltd (SS:600638) was down 10.02% or 1.210 points to 10.860.
The top performers on the SZSE Component were Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) which rose 10.09% to 3.82, Beijing Miteno Communication Technology Co Ltd (SZ:300038) which was up 10.03% to settle at 10.86 and United Electronics Co Ltd (SZ:002642) which gained 10.00% to close at 9.46.
The worst performers were Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which was down 10.07% to 4.91 in late trade, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) which lost 10.02% to settle at 7.81 and Xingyuan Environment Technology Co Ltd (SZ:300266) which was down 9.99% to 11.80 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 840 to 505 and 63 ended unchanged.
Shares in Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) fell to 52-week lows; falling 10.03% or 1.490 to 13.370. Shares in Zhengping Road & Bridge Construction Co Ltd (SS:603843) fell to 52-week lows; falling 10.03% or 1.020 to 9.150. Shares in Shanghai New Huang Pu Real Estate Co Ltd (SS:600638) fell to 52-week lows; losing 10.02% or 1.210 to 10.860. Shares in Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) fell to 5-year lows; losing 10.07% or 0.55 to 4.91. Shares in Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) fell to 3-years lows; falling 10.02% or 0.87 to 7.81. Shares in Xingyuan Environment Technology Co Ltd (SZ:300266) fell to 3-years lows; down 9.99% or 1.31 to 11.80.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 27.24 a new 1-month high.
Gold Futures for August delivery was down 0.23% or 2.90 to $1255.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.11% or 0.08 to hit $73.02 a barrel, while the September Brent oil contract fell 0.28% or 0.22 to trade at $77.17 a barrel.
USD/CNY was up 0.26% to 6.6535, while EUR/CNY rose 0.36% to 7.7871.
The US Dollar Index Futures was down 0.06% at 94.07.