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China stocks higher at close of trade; Shanghai Composite up 1.23%

Stock MarketsMay 18, 2018 03:35AM ET
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China stocks higher at close of trade; Shanghai Composite up 1.23%

Investing.com – China stocks were higher after the close on Friday, as gains in the Oil Equipment Services & Distribution, Life Insurance and Financials sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.23% to hit a new 1-month high, while the SZSE Component index gained 0.35%.

The best performers of the session on the Shanghai Composite were Offshore Oil Engineering Co Ltd (SS:600583), which rose 10.08% or 0.610 points to trade at 6.660 at the close. Meanwhile, Xinjiang Dushanzi TianLi High & NewTech Co Ltd PRC (SS:600339) added 10.02% or 0.480 points to end at 5.270 and Anhui Province Natural Gas Development Co Ltd (SS:603689) was up 10.01% or 1.19 points to 13.08 in late trade.

The worst performers of the session were Aurora Optoelectronics Co Ltd (SS:600666), which fell 9.56% or 0.650 points to trade at 6.150 at the close. Xin Jiang Ready Health Industry Co Ltd (SS:600090) declined 9.44% or 0.830 points to end at 7.960 and Qian Jiang Water Resources Development Co Ltd (SS:600283) was down 7.58% or 1.110 points to 13.530.

The top performers on the SZSE Component were Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which rose 9.98% to 19.61, Cofco Biochemical Anhui Co Ltd (SZ:000930) which was up 7.06% to settle at 12.29 and Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) which gained 6.79% to close at 8.49.

The worst performers were Henan Billions Chemicals Co Ltd (SZ:002601) which was down 10.02% to 16.08 in late trade, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which lost 9.98% to settle at 19.58 and Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which was down 9.67% to 7.85 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 920 to 397 and 62 ended unchanged.

Shares in Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) rose to 52-week highs; up 9.98% or 1.78 to 19.61. Shares in Shandong Qixing Iron Tower Co Ltd (SZ:002359) fell to 52-week lows; falling 9.98% or 2.17 to 19.58.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.03.

Gold Futures for June delivery was down 0.02% or 0.30 to $1289.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.21% or 0.15 to hit $71.64 a barrel, while the July Brent oil contract rose 0.34% or 0.27 to trade at $79.57 a barrel.

USD/CNY was up 0.06% to 6.3707, while EUR/CNY rose 0.25% to 7.5283.

The US Dollar Index Futures was down 0.10% at 93.30.

China stocks higher at close of trade; Shanghai Composite up 1.23%
 

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