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China stocks higher at close of trade; Shanghai Composite up 0.80%

Published 04/18/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 0.80%
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Investing.com – China stocks were higher after the close on Wednesday, as gains in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.80%, while the SZSE Component index climbed 0.92%.

The best performers of the session on the Shanghai Composite were Keda Group Co Ltd (SS:600986), which rose 10.05% or 1.000 points to trade at 10.950 at the close. Meanwhile, China National Software & Service Co Ltd (SS:600536) added 10.01% or 1.690 points to end at 18.580 and Xiangtan Electric Manufacturing Co Ltd (SS:600416) was up 10.01% or 1.040 points to 11.430 in late trade.

The worst performers of the session were Shanghai LongYun Advertising & Media Co Ltd (SS:603729), which fell 10.00% or 6.20 points to trade at 55.77 at the close. Harbin Air Conditioning Co Ltd (SS:600202) declined 9.99% or 0.800 points to end at 7.210 and Hainan Haiqi Transportation Group Co Ltd (SS:603069) was down 9.96% or 1.360 points to 12.290.

The top performers on the SZSE Component were Shenzhen Kaifa Technology Co Ltd (SZ:000021) which rose 10.06% to 9.41, Taiji Computer Corp Ltd (SZ:002368) which was up 10.01% to settle at 35.07 and Apex Technology Co Ltd (SZ:002180) which gained 10.01% to close at 31.65.

The worst performers were Beijing Sanju Environmental (SZ:300072) which was down 6.39% to 26.50 in late trade, Hunan China Sun Pharma Machinery (SZ:300216) which lost 5.61% to settle at 10.44 and BOE Technology Group Co Ltd (SZ:000725) which was down 4.91% to 4.650 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 933 to 378 and 53 ended unchanged.

Shares in Beijing Sanju Environmental (SZ:300072) fell to 52-week lows; down 6.39% or 1.81 to 26.50. Shares in Taiji Computer Corp Ltd (SZ:002368) rose to 52-week highs; rising 10.01% or 3.19 to 35.07.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.04% to 23.96.

Gold Futures for June delivery was down 0.16% or 2.20 to $1347.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.81% or 0.54 to hit $67.06 a barrel, while the June Brent oil contract rose 0.81% or 0.58 to trade at $72.16 a barrel.

USD/CNY was up 0.04% to 6.2879, while EUR/CNY fell 0.02% to 7.7726.

The US Dollar Index Futures was up 0.13% at 89.34.

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