Investing.com – China stocks were higher after the close on Friday, as gains in the Telecoms, Mobile and Electricity sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 4.57%, while the SZSE Component index added 4.58%.
The best performers of the session on the Shanghai Composite were Meiyan Jixiang (SS:600868), which rose 10.14% or 0.370 points to trade at 4.020 at the close. Meanwhile, Bj North Star (SS:601588) added 10.10% or 0.530 points to end at 5.780 and Mengdian (SS:600863) was up 10.10% or 0.490 points to 5.340 in late trade.
The worst performers of the session were Cheng Cheng (SS:600247), which fell 2.89% or 0.520 points to trade at 17.500 at the close. Minsheng Bank (SS:600016) declined 1.61% or 0.170 points to end at 10.420 and Bank Of China SS (SS:601988) was down 1.07% or 0.060 points to 5.540.
The top performers on the SZSE Component were Hainan Expressway Co Ltd (SZ:000886) which rose 10.10% to 5.45, Huatian Hotel Group Co Ltd (SZ:000428) which was up 10.08% to settle at 7.21 and Jinke Property Group Co Ltd (SZ:000656) which gained 10.07% to close at 6.67.
The worst performers were Accelink Technologies Co Ltd (SZ:002281) which was unchanged 0% to 33.87 in late trade, Anhui Deli Household Glass Co Ltd (SZ:002571) which unchanged 0% to settle at 18.46 and Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which was unchanged 0% to 40.82 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 715 to 7.
Shares in Anhui Deli Household Glass Co Ltd (SZ:002571) unchanged to 52-week highs; unchanged 0% or 0 to 18.46.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.67% to 42.75.
Gold for August delivery was up 0.22% or 2.60 to $1161.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.70% or 0.90 to hit $53.67 a barrel, while the August Brent oil contract rose 1.54% or 0.90 to trade at $59.51 a barrel.
USD/CNY was up 0.00% to 6.2091, while EUR/CNY rose 0.72% to 6.9031.
The US Dollar Index was down 0.47% at 96.21.