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China stocks higher at close of trade; Shanghai Composite up 1.24%

Stock MarketsMar 29, 2018 03:35AM ET
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© Reuters. China stocks higher at close of trade; Shanghai Composite up 1.24%

Investing.com – China stocks were higher after the close on Thursday, as gains in the Real Estate Investments & Services, Financials and Telecoms sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 1.24%, while the SZSE Component index gained 1.18%.

The best performers of the session on the Shanghai Composite were Zhejiang Haiyue Co Ltd (SS:600387), which rose 10.05% or 0.840 points to trade at 9.200 at the close. Meanwhile, Hubei Zhenhua Chemical Co Ltd (SS:603067) added 10.04% or 1.200 points to end at 13.150 and Qingdao Huijintong Power Equipment Co Ltd (SS:603577) was up 10.01% or 1.170 points to 12.860 in late trade.

The worst performers of the session were Zhejiang Three Stars New Materials Co Ltd (SS:603578), which fell 9.99% or 3.99 points to trade at 35.95 at the close. Sanan Optoelectronics Co Ltd (SS:600703) declined 5.92% or 1.460 points to end at 23.190 and Sinomach Automobile Co Ltd (SS:600335) was down 5.43% or 0.640 points to 11.140.

The top performers on the SZSE Component were Thaihot Group Co Ltd (SZ:000732) which rose 10.02% to 28.45, China Vanke Co Ltd Class A (SZ:000002) which was up 9.03% to settle at 34.16 and Luxi Chemical Group Co Ltd (SZ:000830) which gained 8.28% to close at 17.52.

The worst performers were HC Semitek Corp (SZ:300323) which was down 7.20% to 18.30 in late trade, Zhejiang Hexin Industry Group Co Ltd (SZ:002343) which lost 5.00% to settle at 39.10 and Hangzhou Tigermed Consulting (SZ:300347) which was down 4.70% to 50.90 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1106 to 230 and 28 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 5.89% to 30.39.

Gold Futures for April delivery was up 0.01% or 0.10 to $1324.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.36% or 0.23 to hit $64.61 a barrel, while the June Brent oil contract rose 0.10% or 0.07 to trade at $68.83 a barrel.

USD/CNY was down 0.11% to 6.2910, while EUR/CNY fell 0.06% to 7.7470.

The US Dollar Index Futures was down 0.06% at 89.71.

China stocks higher at close of trade; Shanghai Composite up 1.24%
 

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