Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

China stocks higher at close of trade; Shanghai Composite up 1.22%

Published 11/12/2018, 02:35 AM
Updated 11/12/2018, 02:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 1.22%

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

At the close in Shanghai, the Shanghai Composite gained 1.22%, while the SZSE Component index gained 2.40%.

The best performers of the session on the Shanghai Composite were Xinke Material (SS:600255), which rose 10.10% or 0.200 points to trade at 2.180 at the close. Meanwhile, Jiangquan Ind (SS:600212) added 10.07% or 0.410 points to end at 4.480 and Jiangsu Safety Wire Rope Co Ltd (SS:603028) was up 10.06% or 0.690 points to 7.550 in late trade.

The worst performers of the session were Eastern Gold Jade Co Ltd (SS:600086), which fell 9.91% or 0.530 points to trade at 4.820 at the close. Qijing Machinery Co Ltd (SS:603677) declined 8.47% or 1.49 points to end at 16.11 and China Hainan Rubber Industry Group Co Ltd (SS:601118) was down 6.53% or 0.350 points to 5.010.

The top performers on the SZSE Component were Yinji Entertainment Media Co Ltd (SZ:002143) which rose 10.12% to 3.59, Sungrow Power Supply Co Ltd (SZ:300274) which was up 10.06% to settle at 7.99 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which gained 10.02% to close at 5.49.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 10.06% to 6.35 in late trade, Jingwei Textile Machinery Co Ltd (SZ:000666) which lost 10.01% to settle at 16.27 and Sieyuan Electric Co Ltd (SZ:002028) which was down 6.65% to 10.52 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1409 to 58 and 6 ended unchanged.

Shares in Eastern Gold Jade Co Ltd (SS:600086) fell to 5-year lows; losing 9.91% or 0.530 to 4.820. Shares in Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) fell to 3-years lows; losing 10.06% or 0.71 to 6.35. Shares in Jingwei Textile Machinery Co Ltd (SZ:000666) fell to 3-years lows; down 10.01% or 1.81 to 16.27.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.34% to 28.34.

Gold Futures for December delivery was up 0.03% or 0.40 to $1206.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.36% or 0.82 to hit $61.01 a barrel, while the January Brent oil contract rose 1.99% or 1.40 to trade at $71.58 a barrel.

USD/CNY was up 0.10% to 6.9637, while EUR/CNY fell 0.46% to 7.8502.

The US Dollar Index Futures was up 0.48% at 97.20.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.