Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services & Distribution, Travel & Leisure and Real Estate Investments & Services sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 1.54% to hit a new 3-years high, while the SZSE Component index gained 0.85%.
The best performers of the session on the Shanghai Composite were Cn Xd Electric (SS:601179), which rose 10.04% or 1.290 points to trade at 14.140 at the close. Meanwhile, Huaxin Cement (SS:600801) added 10.04% or 1.270 points to end at 13.920 and Huayin Elec (SS:600744) was up 10.04% or 1.290 points to 14.140 in late trade.
The worst performers of the session were Furen Pharmace (SS:600781), which fell 9.79% or 3.840 points to trade at 35.400 at the close. Dahua Chemical (SS:900951) declined 6.71% or 0.122 points to end at 1.695 and Shanghai Huili (SS:900939) was down 6.65% or 0.145 points to 2.035.
The top performers on the SZSE Component were Financial Street Holdings Co Ltd (SZ:000402) which rose 4.87% to 14.65, Luzhou Lao Jiao Co Ltd (SZ:000568) which was up 4.30% to settle at 28.11 and China Vanke Co Ltd (SZ:000002) which gained 3.87% to close at 15.57.
The worst performers were BYD Co Ltd (SZ:002594) which was down 4.92% to 79.49 in late trade, Iflytek Co Ltd (SZ:002230) which lost 2.68% to settle at 53.80 and Beijing Originwater Technology (SZ:300070) which was down 2.58% to 58.50 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 694 to 255.
Shares in Cn Xd Electric (SS:601179) rose to all time highs; rising 10.04% or 1.290 to 14.140. Shares in Huaxin Cement (SS:600801) rose to 52-week highs; rising 10.04% or 1.270 to 13.920. Shares in Huayin Elec (SS:600744) rose to all time highs; gaining 10.04% or 1.290 to 14.140. Shares in Financial Street Holdings Co Ltd (SZ:000402) rose to 52-week highs; rising 4.87% or 0.68 to 14.65. Shares in Luzhou Lao Jiao Co Ltd (SZ:000568) rose to 52-week highs; up 4.30% or 1.16 to 28.11.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 5.02% to 31.37.
Gold for August delivery was up 0.14% or 1.60 to $1176.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.72% or 0.41 to hit $57.59 a barrel, while the July Brent oil contract fell 0.47% or 0.29 to trade at $61.74 a barrel.
USD/CNY was up 0.08% to 6.2061, while EUR/CNY rose 0.20% to 6.9837.
The US Dollar Index was unchanged 0.00% at 95.49.