Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services & Distribution, Electricity and Media sectors led shares higher.
At the close in Shanghai, the Shanghai Composite gained 0.87% to hit a new 3-years high, while the SZSE Component index gained 1.17%.
The best performers of the session on the Shanghai Composite were Ningbo Thermal (SS:600982), which rose 10.04% or 1.210 points to trade at 13.260 at the close. Meanwhile, Donghua (SS:600393) added 10.03% or 1.550 points to end at 17.010 and Guyuelongshan (SS:600059) was up 10.03% or 1.820 points to 19.970 in late trade.
The worst performers of the session were Anhui Express (SS:600012), which fell 9.03% or 1.810 points to trade at 18.240 at the close. Tyan Home (SS:600807) declined 7.27% or 2.320 points to end at 29.600 and Changyuan (SS:600525) was down 6.87% or 2.140 points to 29.000.
The top performers on the SZSE Component were Huayi Brothers Media Corp (SZ:300027) which rose 8.04% to 63.58, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was up 6.66% to settle at 6.25 and Wuliangye Yibin Co Ltd (SZ:000858) which gained 5.01% to close at 30.81.
The worst performers were Suning Commerce Group Co Ltd (SZ:002024) which was down 5.04% to 21.65 in late trade, ZTE Corp (SZ:000063) which lost 1.78% to settle at 32.61 and Beijing Originwater Technology (SZ:300070) which was down 1.18% to 58.81 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 657 to 282.
Shares in Ningbo Thermal (SS:600982) rose to all time highs; rising 10.04% or 1.210 to 13.260. Shares in Donghua (SS:600393) rose to 3-years highs; rising 10.03% or 1.550 to 17.010. Shares in Guyuelongshan (SS:600059) rose to all time highs; up 10.03% or 1.820 to 19.970. Shares in Huayi Brothers Media Corp (SZ:300027) rose to all time highs; gaining 8.04% or 4.73 to 63.58. Shares in Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) rose to 52-week highs; gaining 6.66% or 0.39 to 6.25. Shares in Wuliangye Yibin Co Ltd (SZ:000858) rose to 52-week highs; up 5.01% or 1.47 to 30.81.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.73% to 29.59.
Gold for August delivery was up 0.15% or 1.80 to $1182.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.96% or 0.58 to hit $60.19 a barrel, while the July Brent oil contract fell 0.78% or 0.51 to trade at $64.61 a barrel.
USD/CNY was down 0.00% to 6.2063, while EUR/CNY fell 0.26% to 6.9703.
The US Dollar Index was up 0.25% at 95.20.