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China stocks higher at close of trade; Shanghai Composite up 3.15%

Published 05/19/2015, 03:35 AM
Updated 05/19/2015, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 3.15%

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Financials, Media and Gas, Water & Multiutilities sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 3.15%, while the SZSE Component index gained 3.10%.

The best performers of the session on the Shanghai Composite were Ningbo Marine (SS:600798), which rose 10.06% or 0.900 points to trade at 9.850 at the close. Meanwhile, Xining Steel (SS:600117) added 10.05% or 0.750 points to end at 8.210 and Ningbo Fubang (SS:600768) was up 10.02% or 2.390 points to 26.250 in late trade.

The worst performers of the session were Huasheng (SS:600156), which fell 6.70% or 0.980 points to trade at 13.650 at the close. Tyen Machinery (SS:600698) declined 6.67% or 0.810 points to end at 11.340 and Lujiazui (SS:600663) was down 4.72% or 2.490 points to 50.280.

The top performers on the SZSE Component were Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) which rose 10.00% to 39.48, Changjiang Securities Co Ltd (SZ:000783) which was up 9.99% to settle at 17.83 and Beijing Originwater Technology (SZ:300070) which gained 8.81% to close at 59.15.

The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 4.04% to 73.70 in late trade, Zhejiang Dahua Technology Co Ltd (SZ:002236) which lost 0.04% to settle at 44.56 and Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which was unchanged 0% to 32.53 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 843 to 121.

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Shares in Xining Steel (SS:600117) rose to 3-years highs; gaining 10.05% or 0.750 to 8.210. Shares in Ningbo Fubang (SS:600768) rose to all time highs; gaining 10.02% or 2.390 to 26.250. Shares in Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) rose to all time highs; rising 10.00% or 3.59 to 39.48. Shares in Beijing Originwater Technology (SZ:300070) rose to all time highs; gaining 8.81% or 4.79 to 59.15.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.80% to 27.70.

Gold for June delivery was down 0.78% or 9.60 to $1218.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.90% or 0.54 to hit $59.70 a barrel, while the July Brent oil contract fell 1.00% or 0.67 to trade at $65.61 a barrel.

USD/CNY was up 0.02% to 6.2056, while EUR/CNY fell 1.19% to 6.9372.

The US Dollar Index was up 0.77% at 94.95.

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