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China stocks higher at close of trade; Shanghai Composite up 3.05%

Published 05/11/2015, 03:35 AM
Updated 05/11/2015, 03:35 AM
China stocks higher at close of trade; Shanghai Composite up 3.05%

China stocks higher at close of trade; Shanghai Composite up 3.05%

Investing.com – China stocks were higher after the close on Monday, as gains in the Software & Computer Services, Technology and Retailers sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 3.05%, while the SZSE Component index added 3.20%.

The best performers of the session on the Shanghai Composite were Js Future Land (SS:900950), which rose 10.08% or 0.050 points to trade at 0.546 at the close. Meanwhile, Huayuan Proper (SS:600743) added 10.08% or 0.650 points to end at 7.100 and Ch Text Mach-B (SS:900906) was up 10.06% or 0.064 points to 0.700 in late trade.

The worst performers of the session were Zhongchangmari (SS:600242), which fell 0.64% or 0.070 points to trade at 10.880 at the close. Ningbo Fuda (SS:600724) declined 0.48% or 0.040 points to end at 8.380 and Hongxing Steel (SS:600307) was down 0.19% or 0.010 points to 5.360.

The top performers on the SZSE Component were Suning Commerce Group Co Ltd (SZ:002024) which rose 10.02% to 17.68, Leshi Internet Info Tech (SZ:300104) which was up 10.00% to settle at 162.75 and Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which gained 8.07% to close at 32.53.

The worst performers were Changjiang Securities Co Ltd (SZ:000783) which was unchanged 0% to 17.54 in late trade, China Merchants Property Development Co Ltd (SZ:000024) which unchanged 0% to settle at 31.96 and Chongqing Changan Automobile Co Ltd (SZ:000625) which was up 0.33% to 24.30 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 966 to 5.

Shares in Js Future Land (SS:900950) rose to 52-week highs; rising 10.08% or 0.050 to 0.546. Shares in Ch Text Mach-B (SS:900906) rose to all time highs; rising 10.06% or 0.064 to 0.700. Shares in Suning Commerce Group Co Ltd (SZ:002024) rose to all time highs; gaining 10.02% or 1.61 to 17.68. Shares in Leshi Internet Info Tech (SZ:300104) rose to all time highs; rising 10.00% or 14.80 to 162.75.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.06% to 30.68.

Gold for June delivery was down 0.34% or 4.00 to $1184.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.27% or 0.16 to hit $59.55 a barrel, while the July Brent oil contract rose 0.39% or 0.26 to trade at $66.42 a barrel.

USD/CNY was up 0.02% to 6.2092, while EUR/CNY fell 0.41% to 6.9294.

The US Dollar Index was up 0.30% at 95.19.

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