Investing.com – China stocks were mixed after the close on Thursday, as gains in the Oil Equipment Services & Distribution, Life Insurance and Telecoms sectors led shares higher while losses in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors led shares lower.
At the close in Shanghai, the Shanghai Composite rose 0.59%, while the SZSE Component index declined 0.35%.
The best performers of the session on the Shanghai Composite were Xiamen Xgma (SS:600815), which rose 10.03% or 1.110 points to trade at 12.180 at the close. Meanwhile, Phoenix Proper (SS:600716) added 10.03% or 1.160 points to end at 12.730 and Baihuacun (SS:600721) was up 10.03% or 1.230 points to 13.490 in late trade.
The worst performers of the session were Sinojit Tech (SS:601218), which fell 10.02% or 1.200 points to trade at 10.780 at the close. Xin Nanyang (SS:600661) declined 10.01% or 5.120 points to end at 46.040 and Faway Auto (SS:600742) was down 10.01% or 3.880 points to 34.890.
The top performers on the SZSE Component were Luzhou Lao Jiao Co Ltd (SZ:000568) which rose 6.52% to 24.51, Henan Shuanghui Investment & Development Co Ltd (SZ:000895) which was up 6.37% to settle at 36.55 and China Merchants Property Development Co Ltd (SZ:000024) which gained 5.06% to close at 28.25.
The worst performers were Zhejiang Dahua Technology Co Ltd (SZ:002236) which was down 5.76% to 33.36 in late trade, Iflytek Co Ltd (SZ:002230) which lost 5.06% to settle at 48.78 and Suning Commerce Group Co Ltd (SZ:002024) which was down 4.38% to 13.09 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 541 to 422.
Shares in Xiamen Xgma (SS:600815) rose to 3-year highs; up 10.03% or 1.110 to 12.180. Shares in Phoenix Proper (SS:600716) rose to all time highs; gaining 10.03% or 1.160 to 12.730. Shares in Baihuacun (SS:600721) rose to 52-week highs; rising 10.03% or 1.230 to 13.490. Shares in Luzhou Lao Jiao Co Ltd (SZ:000568) rose to 52-week highs; up 6.52% or 1.50 to 24.51.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.05% to 20.14 a new 6-month low.
Gold for April delivery was up 0.53% or 6.40 to $1203.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 4.60% or 2.27 to hit $51.48 a barrel, while the May Brent oil contract rose 4.73% or 2.67 to trade at $58.97 a barrel.
USD/CNY was up 0.06% to 6.2145, while EUR/CNY rose 0.26% to 6.8360.
The US Dollar Index was down 0.37% at 96.72.