Investing.com – China stocks were higher after the close on Wednesday, as gains in the Financials, Life Insurance and Banking sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 0.86% to hit a new 3-year high, while the SZSE Component index gained 0.53%.
The best performers of the session on the Shanghai Composite were China Cnr (SS:601299), which rose 10.02% or 2.030 points to trade at 22.280 at the close. Meanwhile, Feilo (SS:600654) added 10.02% or 1.260 points to end at 13.830 and Times New Mat (SS:600458) was up 10.02% or 1.730 points to 18.990 in late trade.
The worst performers of the session were Baosight (SS:600845), which fell 6.89% or 4.360 points to trade at 58.880 at the close. Hunan Chendian (SS:600969) declined 6.83% or 1.800 points to end at 24.540 and Hongfa Tech (SS:600885) was down 6.22% or 1.980 points to 29.850.
The top performers on the SZSE Component were Ping An Bank Co Ltd (SZ:000001) which rose 6.60% to 17.92, Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was up 5.74% to settle at 89.51 and Bank of Ningbo Co Ltd (SZ:002142) which gained 5.61% to close at 19.59.
The worst performers were BYD Co Ltd (SZ:002594) which was down 4.16% to 57.88 in late trade, Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which lost 4.12% to settle at 32.85 and AVIC Aircraft Co Ltd (SZ:000768) which was down 3.87% to 27.59 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 646 to 322.
Shares in China Cnr (SS:601299) rose to all time highs; up 10.02% or 2.030 to 22.280. Shares in Feilo (SS:600654) rose to all time highs; up 10.02% or 1.260 to 13.830. Shares in Times New Mat (SS:600458) rose to 3-year highs; rising 10.02% or 1.730 to 18.990. Shares in Ping An Bank Co Ltd (SZ:000001) rose to 52-week highs; up 6.60% or 1.11 to 17.92. Shares in Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) rose to 52-week highs; rising 5.74% or 4.86 to 89.51. Shares in Bank of Ningbo Co Ltd (SZ:002142) rose to 52-week highs; rising 5.61% or 1.04 to 19.59.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.12% to 24.35.
Gold for June delivery was up 0.05% or 0.60 to $1211.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.99% or 1.07 to hit $52.91 a barrel, while the May Brent oil contract fell 1.27% or 0.75 to trade at $58.35 a barrel.
USD/CNY was up 0.10% to 6.2045, while EUR/CNY rose 0.58% to 6.7405.
The US Dollar Index was down 0.53% at 97.73.