Investing.com – China stocks were higher after the close on Wednesday, as gains in the Travel & Leisure, Electricity and Oil Equipment Services & Distribution sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 2.48%, while the SZSE Component index added 1.66%.
The best performers of the session on the Shanghai Composite were Sinovel Wind G (SS:601558), which rose 10.05% or 0.820 points to trade at 8.980 at the close. Meanwhile, Lawton Develop (SS:600209) added 10.05% or 1.040 points to end at 11.390 and Guangshen Rail SS (SS:601333) was up 10.04% or 0.800 points to 8.770 in late trade.
The worst performers of the session were Chaodong Cem (SS:600318), which fell 10.01% or 3.750 points to trade at 33.730 at the close. Sunyard (SS:600571) declined 10.00% or 15.190 points to end at 136.730 and Shidai Wanheng (SS:600241) was down 8.27% or 1.820 points to 20.190.
The top performers on the SZSE Component were Cofco Biochemical Anhui Co Ltd (SZ:000930) which rose 10.02% to 22.95, Jiaozuo Wanfang Aluminum (SZ:000612) which was up 10.02% to settle at 12.08 and COFCO Property Group Co Ltd (SZ:000031) which gained 10.02% to close at 22.50.
The worst performers were Shanghai Ganglian E Commerce (SZ:300226) which was down 10.00% to 117.90 in late trade, Navinfo Co Ltd (SZ:002405) which lost 10.00% to settle at 56.70 and Zhejiang DiAn Diagnostics Co (SZ:300244) which was down 4.85% to 97.99 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 866 to 104.
Shares in Guangshen Rail SS (SS:601333) rose to 3-years highs; up 10.04% or 0.800 to 8.770. Shares in Cofco Biochemical Anhui Co Ltd (SZ:000930) rose to all time highs; up 10.02% or 2.09 to 22.95. Shares in COFCO Property Group Co Ltd (SZ:000031) rose to all time highs; rising 10.02% or 2.05 to 22.50.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 3.40% to 28.13 a new 1-month low.
Gold for August delivery was down 0.20% or 2.40 to $1174.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.29% or 0.17 to hit $61.19 a barrel, while the August Brent oil contract rose 0.23% or 0.15 to trade at $64.60 a barrel.
USD/CNY was up 0.03% to 6.2084, while EUR/CNY rose 0.32% to 6.9537.
The US Dollar Index was down 0.17% at 95.44.