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China stocks higher at close of trade; Shanghai Composite up 0.37%

Published 08/23/2018, 03:35 AM
Updated 08/23/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 0.37%

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

At the close in Shanghai, the Shanghai Composite added 0.37%, while the SZSE Component index added 0.55%.

The best performers of the session on the Shanghai Composite were Silvery Dragon Prestressed Materials Co Ltd Tianjin (SS:603969), which rose 10.08% or 0.64 points to trade at 6.99 at the close. Meanwhile, DELIXI XINJIANG Transportation Co Ltd (SS:603032) added 10.02% or 1.43 points to end at 15.70 and Shanghai Weaver Network Co Ltd (SS:603039) was up 10.00% or 8.59 points to 94.49 in late trade.

The worst performers of the session were Shanghai LongYun Advertising & Media Co Ltd (SS:603729), which fell 10.00% or 2.25 points to trade at 20.24 at the close. Shangying Global Co Ltd (SS:600146) declined 9.99% or 1.18 points to end at 10.63 and Gangtai Holdin (SS:600687) was down 9.97% or 0.660 points to 5.960.

The top performers on the SZSE Component were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which rose 10.07% to 7.98, Beijing Easpring Material Tech (SZ:300073) which was up 10.00% to settle at 24.96 and Zhejiang Zhongcheng Packing Material Co Ltd (SZ:002522) which gained 9.98% to close at 5.07.

The worst performers were Shenwu Environmental Tech (SZ:300156) which was down 9.05% to 6.13 in late trade, Guangdong Tapai Group Co Ltd (SZ:002233) which lost 7.72% to settle at 12.43 and Hangzhou Robam Appliances Co Ltd (SZ:002508) which was down 6.89% to 22.98 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 893 to 433 and 116 ended unchanged.

Shares in Shanghai LongYun Advertising & Media Co Ltd (SS:603729) fell to all time lows; down 10.00% or 2.25 to 20.24. Shares in Shangying Global Co Ltd (SS:600146) fell to 3-years lows; falling 9.99% or 1.18 to 10.63. Shares in Gangtai Holdin (SS:600687) fell to 3-years lows; down 9.97% or 0.660 to 5.960. Shares in Hangzhou Robam Appliances Co Ltd (SZ:002508) fell to 52-week lows; falling 6.89% or 1.70 to 22.98.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.28.

Gold Futures for December delivery was down 0.73% or 8.80 to $1194.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.21% or 0.14 to hit $67.72 a barrel, while the October Brent oil contract fell 0.41% or 0.31 to trade at $74.47 a barrel.

USD/CNY was up 0.44% to 6.8718, while EUR/CNY rose 0.17% to 7.9471.

The US Dollar Index Futures was up 0.26% at 95.25.

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