Investing.com – China stocks were higher after the close on Wednesday, as gains in the Life Insurance, Technology Hardware & Equipment and Banking sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 0.92% to hit a new 1-month high, while the SZSE Component index gained 0.80%.
The best performers of the session on the Shanghai Composite were Dazhou Xingye Holding Co Ltd (SS:600603), which rose 10.07% or 0.450 points to trade at 4.920 at the close. Meanwhile, Guangdong Sitong Group Co Ltd (SS:603838) added 10.00% or 1.06 points to end at 11.66 and Beijing Changjiu Logistics Corp (SS:603569) was up 9.98% or 1.330 points to 14.660 in late trade.
The worst performers of the session were Tianjin Tianhai Investment Co Ltd B (SS:900938), which fell 9.98% or 0.051 points to trade at 0.460 at the close. A-Zenith Home Furnishings Co Ltd (SS:603389) declined 9.96% or 1.380 points to end at 12.470 and Tianjin Tianhai Investment Co Ltd A (SS:600751) was down 9.93% or 0.580 points to 5.260.
The top performers on the SZSE Component were Fujian Guanfu Modern Household Wares Co Ltd (SZ:002102) which rose 10.04% to 2.63, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which was up 9.53% to settle at 10.92 and Valiant Co Ltd (SZ:002643) which gained 6.79% to close at 9.91.
The worst performers were Fujian Sunner Development Co Ltd (SZ:002299) which was down 4.39% to 15.67 in late trade, Beijing Philisense Tech (SZ:300287) which lost 3.08% to settle at 5.67 and Hangzhou Century Co Ltd (SZ:300078) which was down 2.91% to 9.68 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 782 to 511 and 164 ended unchanged.
Shares in Tianjin Tianhai Investment Co Ltd B (SS:900938) fell to 3-years lows; falling 9.98% or 0.051 to 0.460. Shares in Tianjin Tianhai Investment Co Ltd A (SS:600751) fell to 3-years lows; down 9.93% or 0.580 to 5.260.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.84.
Gold Futures for December delivery was down 0.02% or 0.30 to $1204.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.03% or 0.02 to hit $72.30 a barrel, while the December Brent oil contract rose 0.20% or 0.16 to trade at $81.42 a barrel.
USD/CNY was up 0.15% to 6.8773, while EUR/CNY rose 0.15% to 8.0932.
The US Dollar Index Futures was down 0.01% at 93.72.