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China stocks higher at close of trade; Shanghai Composite up 1.22%

Published 11/12/2018, 02:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 1.22%
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Investing.com – China stocks were higher after the close on Monday, as gains in the Software & Computer Services, Technology and Media sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.22%, while the SZSE Component index gained 2.40%.

The best performers of the session on the Shanghai Composite were Xinke Material (SS:600255), which rose 10.10% or 0.200 points to trade at 2.180 at the close. Meanwhile, Jiangquan Ind (SS:600212) added 10.07% or 0.410 points to end at 4.480 and Jiangsu Safety Wire Rope Co Ltd (SS:603028) was up 10.06% or 0.690 points to 7.550 in late trade.

The worst performers of the session were Eastern Gold Jade Co Ltd (SS:600086), which fell 9.91% or 0.530 points to trade at 4.820 at the close. Qijing Machinery Co Ltd (SS:603677) declined 8.47% or 1.49 points to end at 16.11 and China Hainan Rubber Industry Group Co Ltd (SS:601118) was down 6.53% or 0.350 points to 5.010.

The top performers on the SZSE Component were Yinji Entertainment Media Co Ltd (SZ:002143) which rose 10.12% to 3.59, Sungrow Power Supply Co Ltd (SZ:300274) which was up 10.06% to settle at 7.99 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which gained 10.02% to close at 5.49.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 10.06% to 6.35 in late trade, Jingwei Textile Machinery Co Ltd (SZ:000666) which lost 10.01% to settle at 16.27 and Sieyuan Electric Co Ltd (SZ:002028) which was down 6.65% to 10.52 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1409 to 58 and 6 ended unchanged.

Shares in Eastern Gold Jade Co Ltd (SS:600086) fell to 5-year lows; losing 9.91% or 0.530 to 4.820. Shares in Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) fell to 3-years lows; losing 10.06% or 0.71 to 6.35. Shares in Jingwei Textile Machinery Co Ltd (SZ:000666) fell to 3-years lows; down 10.01% or 1.81 to 16.27.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.34% to 28.34.

Gold Futures for December delivery was up 0.03% or 0.40 to $1206.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.36% or 0.82 to hit $61.01 a barrel, while the January Brent oil contract rose 1.99% or 1.40 to trade at $71.58 a barrel.

USD/CNY was up 0.10% to 6.9637, while EUR/CNY fell 0.46% to 7.8502.

The US Dollar Index Futures was up 0.48% at 97.20.

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