Investing.com – China stocks were mixed after the close on Thursday, as gains in the Banking, Financials and Life Insurance sectors led shares higher while losses in the Software & Computer Services, Technology and Retailers sectors led shares lower.
At the close in Shanghai, the Shanghai Composite added 0.76% to hit a new 3-years high, while the SZSE Component index fell 0.21%.
The best performers of the session on the Shanghai Composite were Hongxing Steel (SS:600307), which rose 10.06% or 0.640 points to trade at 7.000 at the close. Meanwhile, Ningbo Fuda (SS:600724) added 10.05% or 1.080 points to end at 11.830 and Xinji Energy (SS:601918) was up 10.04% or 1.180 points to 12.930 in late trade.
The worst performers of the session were Beida Jade Bir (SS:600076), which fell 7.81% or 1.420 points to trade at 16.770 at the close. Deluxe Family (SS:600503) declined 7.58% or 1.960 points to end at 23.910 and Dawning Information (SS:603019) was down 7.58% or 11.12 points to 135.51.
The top performers on the SZSE Component were BYD Co Ltd (SZ:002594) which rose 10.00% to 83.60, Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) which was up 9.99% to settle at 10.79 and Bank of Ningbo Co Ltd (SZ:002142) which gained 4.72% to close at 22.19.
The worst performers were Zhejiang Dahua Technology Co Ltd (SZ:002236) which was down 3.90% to 42.19 in late trade, Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which lost 3.42% to settle at 98.49 and Iflytek Co Ltd (SZ:002230) which was down 3.34% to 55.28 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 595 to 356.
Shares in Hongxing Steel (SS:600307) rose to 3-years highs; up 10.06% or 0.640 to 7.000. Shares in Ningbo Fuda (SS:600724) rose to all time highs; rising 10.05% or 1.080 to 11.830. Shares in Xinji Energy (SS:601918) rose to 3-years highs; gaining 10.04% or 1.180 to 12.930. Shares in BYD Co Ltd (SZ:002594) rose to all time highs; gaining 10.00% or 7.60 to 83.60. Shares in Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) rose to 52-week highs; up 9.99% or 0.98 to 10.79. Shares in Bank of Ningbo Co Ltd (SZ:002142) rose to 52-week highs; up 4.72% or 1.00 to 22.19.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.29% to 29.87.
Gold for August delivery was down 0.28% or 3.30 to $1181.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.46% or 0.28 to hit $59.37 a barrel, while the July Brent oil contract fell 0.38% or 0.24 to trade at $63.56 a barrel.
USD/CNY was up 0.08% to 6.2025, while EUR/CNY fell 0.22% to 6.9719.
The US Dollar Index was up 0.28% at 95.62.