Investing.com – China stocks were higher after the close on Friday, as gains in the Gas, Water & Multiutilities, Telecoms and Mobile sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 2.83% to hit a new 3-years high, while the SZSE Component index climbed 1.09%.
The best performers of the session on the Shanghai Composite were Ba Yi Steel (SS:600581), which rose 10.06% or 0.860 points to trade at 9.410 at the close. Meanwhile, Xinjiang Tiany (SS:600075) added 10.04% or 1.16 points to end at 12.71 and Gong Da Tech (SS:600701) was up 10.04% or 1.190 points to 13.040 in late trade.
The worst performers of the session were Sunyard (SS:600571), which fell 6.00% or 9.330 points to trade at 146.200 at the close. Winsan Indus (SS:600767) declined 5.31% or 1.590 points to end at 28.330 and Comm City (SS:600306) was down 4.42% or 1.18 points to 25.50.
The top performers on the SZSE Component were Leshi Internet Info Tech (SZ:300104) which rose 10.00% to 80.39, BOE Technology Group Co Ltd (SZ:000725) which was up 7.18% to settle at 4.63 and Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which gained 4.69% to close at 10.27.
The worst performers were Zhejiang Dahua Technology Co Ltd (SZ:002236) which was down 2.84% to 45.15 in late trade, Goertek Inc (SZ:002241) which lost 0.88% to settle at 38.43 and ZTE Corp (SZ:000063) which was down 0.18% to 32.92 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 729 to 235.
Shares in Xinjiang Tiany (SS:600075) rose to 3-years highs; gaining 10.04% or 1.16 to 12.71. Shares in Gong Da Tech (SS:600701) rose to all time highs; gaining 10.04% or 1.190 to 13.040.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.09% to 28.08.
Gold for June delivery was up 0.56% or 6.80 to $1210.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.27% or 0.17 to hit $60.55 a barrel, while the July Brent oil contract fell 0.23% or 0.15 to trade at $66.39 a barrel.
USD/CNY was up 0.03% to 6.1986, while EUR/CNY rose 0.52% to 6.9214.
The US Dollar Index was down 0.34% at 95.14.