Investing.com – China stocks were higher after the close on Monday, as gains in the Telecoms, Mobile and Oil Equipment Services & Distribution sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 3.06% to hit a new 3-years high, while the SZSE Component index added 1.44%.
The best performers of the session on the Shanghai Composite were Yunnan Yunwei (SS:600725), which rose 10.07% or 0.740 points to trade at 8.090 at the close. Meanwhile, Guangshen Rail SS (SS:601333) added 10.06% or 0.640 points to end at 7.000 and Sinopec Shanghai Petrochemical Co Ltd (SS:600688) was up 10.06% or 0.790 points to 8.640 in late trade.
The worst performers of the session were Tianchen Co (SS:600620), which fell 9.16% or 2.330 points to trade at 23.110 at the close. Hangshang (SS:600774) declined 6.50% or 1.820 points to end at 26.200 and Bestv New Medi (SS:600637) was down 6.02% or 4.650 points to 72.580.
The top performers on the SZSE Component were Gree Electric Appliances Inc of Zhuhai (SZ:000651) which rose 5.73% to 51.26, Bank of Ningbo Co Ltd (SZ:002142) which was up 4.14% to settle at 19.60 and Chongqing Changan Automobile Co Ltd (SZ:000625) which gained 4.11% to close at 25.56.
The worst performers were Goertek Inc (SZ:002241) which was down 2.11% to 34.25 in late trade, Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which lost 1.04% to settle at 32.31 and TCL Corp (SZ:000100) which was down 0.76% to 6.49 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 647 to 313.
Shares in Yunnan Yunwei (SS:600725) rose to 3-years highs; rising 10.07% or 0.740 to 8.090. Shares in Guangshen Rail SS (SS:601333) rose to 3-years highs; rising 10.06% or 0.640 to 7.000. Shares in Sinopec Shanghai Petrochemical Co Ltd (SS:600688) rose to 3-years highs; up 10.06% or 0.790 to 8.640. Shares in Gree Electric Appliances Inc of Zhuhai (SZ:000651) rose to all time highs; rising 5.73% or 2.78 to 51.26. Shares in Chongqing Changan Automobile Co Ltd (SZ:000625) rose to all time highs; up 4.11% or 1.01 to 25.56.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.74% to 33.03.
Gold for June delivery was up 0.57% or 6.70 to $1181.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.33% or 0.19 to hit $56.96 a barrel, while the June Brent oil contract fell 0.18% or 0.12 to trade at $65.16 a barrel.
USD/CNY was up 0.15% to 6.2039, while EUR/CNY rose 0.17% to 6.7436.
The US Dollar Index was up 0.05% at 97.12.