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China stocks higher at close of trade; Shanghai Composite up 1.10%

Published 09/04/2018, 03:35 AM
Updated 09/04/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 1.10%

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

At the close in Shanghai, the Shanghai Composite rose 1.10%, while the SZSE Component index gained 1.17%.

The best performers of the session on the Shanghai Composite were Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which rose 10.06% or 0.360 points to trade at 3.940 at the close. Meanwhile, North Navigation Control Technology Co Ltd (SS:600435) added 10.03% or 0.780 points to end at 8.560 and ADD Industry Zhejiang Co Ltd (SS:603089) was up 10.02% or 1.67 points to 18.33 in late trade.

The worst performers of the session were Nanjing Central Emporium Group Stocks Co Ltd (SS:600280), which fell 10.00% or 0.840 points to trade at 7.560 at the close. Harbin Gong Da High-Tech Enterprise Development Co Ltd (SS:600701) declined 5.03% or 0.250 points to end at 4.720 and Shanghai Zhongji Investment Holding Co Ltd (SS:600634) was down 4.72% or 0.12 points to 2.42.

The top performers on the SZSE Component were Shanghai Kingstar Winning Software (SZ:300253) which rose 10.01% to 15.49, Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which was up 10.00% to settle at 8.25 and Visual China Group Co Ltd (SZ:000681) which gained 9.99% to close at 32.03.

The worst performers were Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which was down 10.03% to 7.18 in late trade, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which lost 9.99% to settle at 16.48 and Leyard Optoelectronic (SZ:300296) which was down 6.31% to 8.76 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1222 to 179 and 44 ended unchanged.

Shares in Harbin Gong Da High-Tech Enterprise Development Co Ltd (SS:600701) fell to 3-years lows; down 5.03% or 0.250 to 4.720. Shares in Shanghai Kingstar Winning Software (SZ:300253) rose to 52-week highs; rising 10.01% or 1.41 to 15.49. Shares in Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) fell to 3-years lows; losing 10.03% or 0.80 to 7.18. Shares in Shandong Qixing Iron Tower Co Ltd (SZ:002359) fell to 52-week lows; losing 9.99% or 1.83 to 16.48. Shares in Visual China Group Co Ltd (SZ:000681) rose to 52-week highs; rising 9.99% or 2.91 to 32.03. Shares in Leyard Optoelectronic (SZ:300296) fell to 52-week lows; losing 6.31% or 0.59 to 8.76.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.92.

Gold Futures for December delivery was down 0.52% or 6.30 to $1200.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.92% or 0.64 to hit $70.44 a barrel, while the November Brent oil contract rose 0.24% or 0.19 to trade at $78.34 a barrel.

USD/CNY was down 0.13% to 6.8303, while EUR/CNY fell 0.28% to 7.9043.

The US Dollar Index Futures was up 0.35% at 95.40.

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