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China stocks higher at close of trade; Shanghai Composite up 1.58%

Published 05/12/2015, 03:35 AM
Updated 05/12/2015, 03:35 AM
China stocks higher at close of trade; Shanghai Composite up 1.58%

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Electricity, Utilities and Retailers sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 1.58%, while the SZSE Component index added 0.81%.

The best performers of the session on the Shanghai Composite were Js Future Land (SS:900950), which rose 10.07% or 0.055 points to trade at 0.601 at the close. Meanwhile, Gd Power (SS:600795) added 10.06% or 0.660 points to end at 7.220 and Deluxe Family (SS:600503) was up 10.05% or 0.980 points to 10.730 in late trade.

The worst performers of the session were Tande (SS:600665), which fell 3.89% or 0.430 points to trade at 10.630 at the close. Gofar (SS:600538) declined 2.85% or 0.340 points to end at 11.600 and Hebang Corp (SS:603077) was down 2.75% or 0.530 points to 18.760.

The top performers on the SZSE Component were Leshi Internet Info Tech (SZ:300104) which rose 10.00% to 179.03, Huayi Brothers Media Corp (SZ:300027) which was up 6.33% to settle at 41.00 and AVIC Aircraft Co Ltd (SZ:000768) which gained 5.99% to close at 34.87.

The worst performers were Chongqing Changan Automobile Co Ltd (SZ:000625) which was down 2.43% to 23.71 in late trade, Zhejiang Dahua Technology Co Ltd (SZ:002236) which lost 1.84% to settle at 41.13 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 1.75% to 90.85 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 734 to 240.

Shares in Js Future Land (SS:900950) rose to 52-week highs; up 10.07% or 0.055 to 0.601. Shares in Gd Power (SS:600795) rose to all time highs; rising 10.06% or 0.660 to 7.220. Shares in Deluxe Family (SS:600503) rose to 3-years highs; up 10.05% or 0.980 to 10.730. Shares in Leshi Internet Info Tech (SZ:300104) rose to all time highs; gaining 10.00% or 16.28 to 179.03. Shares in Huayi Brothers Media Corp (SZ:300027) rose to all time highs; rising 6.33% or 2.44 to 41.00.

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The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.25% to 29.07 a new 1-month low.

Gold for June delivery was up 0.07% or 0.80 to $1183.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.30% or 0.17 to hit $59.42 a barrel, while the July Brent oil contract rose 0.27% or 0.17 to trade at $65.80 a barrel.

USD/CNY was down 0.06% to 6.2092, while EUR/CNY rose 0.54% to 6.9623.

The US Dollar Index was down 0.42% at 94.72.

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