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China stocks higher at close of trade; Shanghai Composite up 2.18%

Published 07/12/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 2.18%
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Investing.com – China stocks were higher after the close on Thursday, as gains in the Technology Hardware & Equipment, Technology and Software & Computer Services sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 2.18%, while the SZSE Component index gained 2.77%.

The best performers of the session on the Shanghai Composite were Starlake Bioscience Co Inc Zhaoqing Guangdong (SS:600866), which rose 10.12% or 0.420 points to trade at 4.570 at the close. Meanwhile, Start Group (SS:600734) added 10.05% or 0.620 points to end at 6.790 and Zhejiang XCC Group Co Ltd (SS:603667) was up 10.03% or 1.080 points to 11.850 in late trade.

The worst performers of the session were Jiangquan Ind (SS:600212), which fell 10.04% or 0.560 points to trade at 5.020 at the close. Fujian Furi Electronics Co Ltd (SS:600203) declined 9.99% or 0.85 points to end at 7.66 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) was down 9.95% or 0.970 points to 8.780.

The top performers on the SZSE Component were Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which rose 10.07% to 6.34, Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which was up 10.06% to settle at 3.94 and Suzhou Anjie Technology Co Ltd (SZ:002635) which gained 10.03% to close at 18.43.

The worst performers were Yinji Entertainment Media Co Ltd (SZ:002143) which was down 9.99% to 7.93 in late trade, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) which lost 1.00% to settle at 7.96 and ShenZhen YUTO Packaging Technology Co Ltd (SZ:002831) which was down 0.70% to 53.90 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1366 to 41 and 4 ended unchanged.

Shares in Jiangquan Ind (SS:600212) fell to 3-years lows; down 10.04% or 0.560 to 5.020. Shares in Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) fell to 52-week lows; losing 9.95% or 0.970 to 8.780. Shares in Yinji Entertainment Media Co Ltd (SZ:002143) fell to 3-years lows; falling 9.99% or 0.88 to 7.93.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 24.24.

Gold Futures for August delivery was up 0.06% or 0.70 to $1245.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.48% or 0.34 to hit $70.72 a barrel, while the September Brent oil contract rose 1.65% or 1.21 to trade at $74.61 a barrel.

USD/CNY was down 0.11% to 6.6733, while EUR/CNY fell 0.06% to 7.7957.

The US Dollar Index Futures was unchanged 0.00% at 94.48.

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