Investing.com – China stocks were higher after the close on Wednesday, as gains in the Telecoms, Mobile and Media sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 1.66% to hit a new 3-year high, while the SZSE Component index gained 1.78%.
The best performers of the session on the Shanghai Composite were Aucma (SS:600336), which rose 10.07% or 0.720 points to trade at 7.870 at the close. Meanwhile, Jiangnan Fiber (SS:600527) added 10.05% or 0.590 points to end at 6.460 and United Network (SS:600050) was up 10.05% or 0.550 points to 6.020 in late trade.
The worst performers of the session were Boyuan Investm (SS:600656), which fell 5.04% or 0.360 points to trade at 6.780 at the close. Fujian Nanzhi (SS:600163) declined 2.87% or 0.180 points to end at 6.090 and C&T Tech Dev (SS:600149) was down 2.43% or 0.530 points to 21.290.
The top performers on the SZSE Component were BYD Co Ltd (SZ:002594) which rose 10.00% to 57.64, Iflytek Co Ltd (SZ:002230) which was up 7.50% to settle at 55.90 and TCL Corp (SZ:000100) which gained 7.12% to close at 6.32.
The worst performers were China Merchants Property Development Co Ltd (SZ:000024) which was down 1.49% to 32.45 in late trade, China Vanke Co Ltd (SZ:000002) which lost 0.72% to settle at 13.72 and Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which was down 0.10% to 9.64 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 890 to 75.
Shares in Aucma (SS:600336) rose to all time highs; gaining 10.07% or 0.720 to 7.870. Shares in Jiangnan Fiber (SS:600527) rose to 52-week highs; gaining 10.05% or 0.590 to 6.460. Shares in United Network (SS:600050) rose to 3-year highs; up 10.05% or 0.550 to 6.020. Shares in BYD Co Ltd (SZ:002594) rose to all time highs; gaining 10.00% or 5.24 to 57.64. Shares in Iflytek Co Ltd (SZ:002230) rose to all time highs; up 7.50% or 3.90 to 55.90. Shares in TCL Corp (SZ:000100) rose to all time highs; gaining 7.12% or 0.42 to 6.32.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 6.31% to 22.42.
Gold for June delivery was up 0.17% or 2.00 to $1185.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.56% or 0.27 to hit $47.34 a barrel, while the May Brent oil contract fell 0.27% or 0.15 to trade at $54.96 a barrel.
USD/CNY was down 0.01% to 6.1971, while EUR/CNY fell 0.01% to 6.6581.
The US Dollar Index was down 0.06% at 98.63.