Investing.com – China stocks were mixed after the close on Thursday, as gains in the Telecoms, Mobile and Media sectors led shares higher while losses in the Life Insurance, Banking and Oil Equipment Services & Distribution sectors led shares lower.
At the close in Shanghai, the Shanghai Composite added 0.37% to hit a new 3-years high, while the SZSE Component index lost 0.04%.
The best performers of the session on the Shanghai Composite were Maanshan Iron SS (SS:600808), which rose 10.05% or 0.570 points to trade at 6.240 at the close. Meanwhile, Yunnan Yunwei (SS:600725) added 10.05% or 0.610 points to end at 6.680 and Cn First Heavy (SS:601106) was up 10.04% or 1.060 points to 11.620 in late trade.
The worst performers of the session were Lubei Chemical (SS:600727), which fell 6.40% or 0.830 points to trade at 12.140 at the close. Xianmen Xiangy (SS:600057) declined 5.48% or 1.060 points to end at 18.280 and Hundsun Tech (SS:600570) was down 5.01% or 6.490 points to 123.040.
The top performers on the SZSE Component were BYD Co Ltd (SZ:002594) which rose 10.01% to 62.98, Chongqing Changan Automobile Co Ltd (SZ:000625) which was up 10.00% to settle at 22.32 and Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which gained 9.94% to close at 5.53.
The worst performers were Weifu High-Technology Group Co Ltd (SZ:000581) which was down 3.34% to 35.62 in late trade, Shenwan Hongyuan Group Co Ltd (SZ:000166) which lost 2.86% to settle at 19.02 and Jilin Aodong Pharmaceutical Group Co Ltd (SZ:000623) which was down 2.37% to 40.42 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 519 to 442.
Shares in Maanshan Iron SS (SS:600808) rose to 3-years highs; gaining 10.05% or 0.570 to 6.240. Shares in Yunnan Yunwei (SS:600725) rose to 3-years highs; gaining 10.05% or 0.610 to 6.680. Shares in Cn First Heavy (SS:601106) rose to all time highs; rising 10.04% or 1.060 to 11.620. Shares in BYD Co Ltd (SZ:002594) rose to all time highs; gaining 10.01% or 5.73 to 62.98. Shares in Chongqing Changan Automobile Co Ltd (SZ:000625) rose to all time highs; gaining 10.00% or 2.03 to 22.32. Shares in Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) rose to 52-week highs; rising 9.94% or 0.50 to 5.53.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.62% to 31.45.
Gold for June delivery was up 0.04% or 0.50 to $1187.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.45% or 0.26 to hit $55.91 a barrel, while the June Brent oil contract fell 0.56% or 0.35 to trade at $62.38 a barrel.
USD/CNY was up 0.05% to 6.1987, while EUR/CNY fell 0.43% to 6.6151.
The US Dollar Index was up 0.32% at 98.55.