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China stocks higher at close of trade; Shanghai Composite up 1.15%

Published 09/13/2018, 03:35 AM
Updated 09/13/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 1.15%

Investing.com – China stocks were higher after the close on Thursday, as gains in the Life Insurance, Gas, Water & Multiutilities and Telecoms sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.15%, while the SZSE Component index gained 0.65%.

The best performers of the session on the Shanghai Composite were Guizhou Wire Rope Co Ltd (SS:600992), which rose 10.07% or 0.740 points to trade at 8.090 at the close. Meanwhile, Universal Scientific Industrial Shanghai Co Ltd (SS:601231) added 10.06% or 0.840 points to end at 9.190 and Changchun Gas Co Ltd (SS:600333) was up 10.04% or 0.530 points to 5.810 in late trade.

The worst performers of the session were Zhejiang Golden Eagle Co Ltd (SS:600232), which fell 10.05% or 0.580 points to trade at 5.190 at the close. Jiangsu Changjiang Electronics Technology Co Ltd (SS:600584) declined 10.00% or 1.420 points to end at 12.780 and GuangYuYuan Chinese Herbal Medicine Co Ltd (SS:600771) was down 10.00% or 3.600 points to 32.400.

The top performers on the SZSE Component were Guangdong Golden Dragon Development Inc (SZ:000712) which rose 10.04% to 8.66, Accelink Technologies Co Ltd (SZ:002281) which was up 7.86% to settle at 27.18 and ZTE Corp (SZ:000063) which gained 7.47% to close at 18.55.

The worst performers were Chuying Agro-Pastoral Group Co Ltd (SZ:002477) which was down 10.03% to 2.96 in late trade, Sieyuan Electric Co Ltd (SZ:002028) which lost 10.00% to settle at 13.77 and Xinzhi Motor Co Ltd (SZ:002664) which was down 10.00% to 17.28 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1140 to 245 and 63 ended unchanged.

Shares in Zhejiang Golden Eagle Co Ltd (SS:600232) fell to 3-years lows; down 10.05% or 0.580 to 5.190. Shares in Jiangsu Changjiang Electronics Technology Co Ltd (SS:600584) fell to 52-week lows; falling 10.00% or 1.420 to 12.780. Shares in GuangYuYuan Chinese Herbal Medicine Co Ltd (SS:600771) fell to 52-week lows; down 10.00% or 3.600 to 32.400. Shares in Chuying Agro-Pastoral Group Co Ltd (SZ:002477) fell to 5-year lows; falling 10.03% or 0.33 to 2.96. Shares in Sieyuan Electric Co Ltd (SZ:002028) fell to 52-week lows; down 10.00% or 1.53 to 13.77. Shares in Xinzhi Motor Co Ltd (SZ:002664) fell to 3-years lows; down 10.00% or 1.92 to 17.28.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 24.71.

Gold Futures for December delivery was down 0.09% or 1.10 to $1209.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.77% or 0.54 to hit $69.83 a barrel, while the November Brent oil contract fell 0.38% or 0.30 to trade at $79.44 a barrel.

USD/CNY was down 0.16% to 6.8493, while EUR/CNY fell 0.23% to 7.9592.

The US Dollar Index Futures was up 0.08% at 94.90.

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