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China stocks higher at close of trade; Shanghai Composite up 3.35%

Published 05/25/2015, 03:35 AM
Updated 05/25/2015, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 3.35%

Investing.com – China stocks were higher after the close on Monday, as gains in the Travel & Leisure, Electricity and Utilities sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 3.35% to hit a new 3-years high, while the SZSE Component index gained 1.90%.

The best performers of the session on the Shanghai Composite were Jinzhou Port (SS:600190), which rose 10.06% or 0.720 points to trade at 7.880 at the close. Meanwhile, Jlec (SS:601518) added 10.05% or 0.620 points to end at 6.790 and Guangan (SS:600979) was up 10.04% or 0.970 points to 10.630 in late trade.

The worst performers of the session were Joincare (SS:600380), which fell 6.74% or 1.780 points to trade at 24.640 at the close. Wanxiang Donee (SS:600371) declined 5.33% or 1.840 points to end at 32.690 and Lonyer Fuels (SS:603003) was down 4.58% or 2.030 points to 42.300.

The top performers on the SZSE Component were Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) which rose 10.01% to 51.44, AVIC Aircraft Co Ltd (SZ:000768) which was up 10.00% to settle at 39.50 and Shan Dong Dong-E E-Jiao Co Ltd (SZ:000423) which gained 8.97% to close at 57.92.

The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 5.04% to 76.34 in late trade, Iflytek Co Ltd (SZ:002230) which lost 0.07% to settle at 55.81 and Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was unchanged 0% to 4.94 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 890 to 70.

Shares in Jinzhou Port (SS:600190) rose to all time highs; gaining 10.06% or 0.720 to 7.880. Shares in Guangan (SS:600979) rose to all time highs; up 10.04% or 0.970 to 10.630. Shares in Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) rose to all time highs; rising 10.01% or 4.68 to 51.44. Shares in AVIC Aircraft Co Ltd (SZ:000768) rose to all time highs; rising 10.00% or 3.59 to 39.50. Shares in Shan Dong Dong-E E-Jiao Co Ltd (SZ:000423) rose to all time highs; gaining 8.97% or 4.77 to 57.92.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 5.80% to 29.71.

Gold for August delivery was down 0.03% or 0.40 to $1204.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.13% or 0.07 to hit $59.80 a barrel, while the July Brent oil contract fell 0.10% or 0.07 to trade at $65.31 a barrel.

USD/CNY was up 0.06% to 6.2009, while EUR/CNY fell 0.29% to 6.8071.

The US Dollar Index was up 0.20% at 96.44.

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