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China stocks higher at close of trade; Shanghai Composite up 0.02%

Published 05/22/2018, 03:35 AM
Updated 05/22/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 0.02%

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Oil Equipment Services & Distribution, Gas, Water & Multiutilities and Retailers sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.02% to hit a new 1-month high, while the SZSE Component index climbed 0.00%.

The best performers of the session on the Shanghai Composite were Suzhou Douson Drilling & Production Equipment Co Ltd (SS:603800), which rose 10.02% or 1.820 points to trade at 19.990 at the close. Meanwhile, Chahua Modern Housewares Co Ltd (SS:603615) added 10.01% or 1.32 points to end at 14.51 and GuangDong Super Telecom Co Ltd (SS:603322) was up 10.00% or 3.210 points to 35.320 in late trade.

The worst performers of the session were Qian Jiang Water Resources Development Co Ltd (SS:600283), which fell 5.63% or 0.770 points to trade at 12.900 at the close. Future Land Holdings Co Ltd (SS:601155) declined 4.78% or 1.530 points to end at 30.470 and Poly Real Estate Group Co Ltd (SS:600048) was down 3.93% or 0.540 points to 13.210.

The top performers on the SZSE Component were Harbin Gloria Pharmaceuticals (SZ:002437) which rose 10.02% to 6.26, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which was up 7.49% to settle at 4.02 and Fujian Sunner Development Co Ltd (SZ:002299) which gained 6.70% to close at 16.56.

The worst performers were Focused Photonics Hangzhou Inc (SZ:300203) which was down 4.44% to 26.26 in late trade, Goldleaf Jewelry Co Ltd (SZ:000587) which lost 3.57% to settle at 7.02 and Shenzhen Shenxin Taifeng Group Co Ltd (SZ:000034) which was down 3.48% to 22.22 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 714 to 583 and 83 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 20.68.

Gold Futures for June delivery was down 0.04% or 0.50 to $1290.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.51% or 0.37 to hit $72.72 a barrel, while the July Brent oil contract rose 0.74% or 0.59 to trade at $79.81 a barrel.

USD/CNY was down 0.13% to 6.3745, while EUR/CNY fell 0.13% to 7.5160.

The US Dollar Index Futures was down 0.09% at 93.38.

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