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China stocks higher at close of trade; Shanghai Composite up 0.43%

Published 12/24/2018, 02:35 AM
Updated 12/24/2018, 02:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 0.43%

© Reuters. China stocks higher at close of trade; Shanghai Composite up 0.43%

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

At the close in Shanghai, the Shanghai Composite added 0.43%, while the SZSE Component index climbed 0.75%.

The best performers of the session on the Shanghai Composite were GuangDong Super Telecom Co Ltd (SS:603322), which rose 10.02% or 2.400 points to trade at 26.360 at the close. Meanwhile, Nanjing Panda Electronics Co Ltd (SS:600775) added 9.99% or 0.69 points to end at 7.60 and Eastern Communications Co Ltd A (SS:600776) was up 9.97% or 0.770 points to 8.490 in late trade.

The worst performers of the session were Huayi Electric Co Ltd (SS:600290), which fell 8.74% or 0.450 points to trade at 4.700 at the close. Guangdong Songfa Ceramics Co Ltd (SS:603268) declined 7.70% or 1.470 points to end at 17.620 and Lushang Property Co Ltd (SS:600223) was down 5.33% or 0.180 points to 3.200.

The top performers on the SZSE Component were Chongqing Pharscin Pharmaceutical Co Ltd (SZ:002907) which rose 9.99% to 21.69, Shenzhen Worldunion Properties Consultancy Inc (SZ:002285) which was up 9.98% to settle at 5.40 and Muyuan Foodstuff Co Ltd (SZ:002714) which gained 7.25% to close at 29.14.

The worst performers were Shenzhen Techand Eco Environment (SZ:300197) which was down 9.94% to 4.35 in late trade, Harbin Gloria Pharmaceuticals (SZ:002437) which lost 8.36% to settle at 2.96 and Xinzhi Motor Co Ltd (SZ:002664) which was down 8.05% to 13.36 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1080 to 303 and 92 ended unchanged.

Shares in Eastern Communications Co Ltd A (SS:600776) rose to 52-week highs; gaining 9.97% or 0.770 to 8.490. Shares in Shenzhen Techand Eco Environment (SZ:300197) fell to 5-year lows; falling 9.94% or 0.48 to 4.35.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.15% to 29.01.

Gold Futures for February delivery was up 0.64% or 8.05 to $1266.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.37% or 0.17 to hit $45.76 a barrel, while the March Brent oil contract rose 0.61% or 0.33 to trade at $54.43 a barrel.

USD/CNY was down 0.14% to 6.8969, while EUR/CNY rose 0.11% to 7.8626.

The US Dollar Index Futures was down 0.15% at 96.308.

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