Investing.com – China stocks were higher after the close on Wednesday, as gains in the Gas, Water & Multiutilities, Travel & Leisure and Utilities sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 0.63% to hit a new 3-years high, while the SZSE Component index climbed 0.35%.
The best performers of the session on the Shanghai Composite were Hongxing Steel (SS:600307), which rose 10.05% or 0.560 points to trade at 6.130 at the close. Meanwhile, Fenglin Wood (SS:601996) added 10.04% or 1.300 points to end at 14.250 and S Churin Group (SS:600891) was up 10.04% or 1.280 points to 14.030 in late trade.
The worst performers of the session were Kingdom SS (SS:600446), which fell 8.69% or 19.600 points to trade at 206.000 at the close. Tiantan Bio (SS:600161) declined 5.41% or 2.860 points to end at 49.970 and Autom Instru (SS:600848) was down 5.33% or 1.580 points to 28.080.
The top performers on the SZSE Component were Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which rose 10.05% to 11.72, Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) which was up 3.69% to settle at 9.84 and Changjiang Securities Co Ltd (SZ:000783) which gained 3.33% to close at 19.25.
The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 4.23% to 71.72 in late trade, Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) which lost 4.02% to settle at 50.20 and Chongqing Changan Automobile Co Ltd (SZ:000625) which was down 3.85% to 23.70 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 521 to 438.
Shares in Hongxing Steel (SS:600307) rose to 3-years highs; rising 10.05% or 0.560 to 6.130. Shares in Fenglin Wood (SS:601996) rose to all time highs; up 10.04% or 1.300 to 14.250. Shares in S Churin Group (SS:600891) rose to 3-years highs; gaining 10.04% or 1.280 to 14.030. Shares in Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) rose to 52-week highs; up 10.05% or 1.07 to 11.72. Shares in Changjiang Securities Co Ltd (SZ:000783) rose to all time highs; gaining 3.33% or 0.62 to 19.25.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 5.28% to 31.28.
Gold for August delivery was up 0.11% or 1.30 to $1189.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.19% or 0.69 to hit $58.72 a barrel, while the July Brent oil contract rose 0.82% or 0.52 to trade at $64.24 a barrel.
USD/CNY was up 0.01% to 6.2045, while EUR/CNY rose 0.35% to 6.7728.
The US Dollar Index was down 0.30% at 97.09.