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China stocks higher at close of trade; Shanghai Composite up 1.31%

Published 08/21/2018, 03:35 AM
Updated 08/21/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 1.31%

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

At the close in Shanghai, the Shanghai Composite gained 1.31%, while the SZSE Component index added 1.60%.

The best performers of the session on the Shanghai Composite were Beih-Property Co Ltd (SS:600791), which rose 10.13% or 0.390 points to trade at 4.240 at the close. Meanwhile, Yibin Paper Industry Co Ltd (SS:600793) added 10.02% or 1.65 points to end at 18.12 and DELIXI XINJIANG Transportation Co Ltd (SS:603032) was up 10.01% or 1.18 points to 12.97 in late trade.

The worst performers of the session were MeiDu Energy Corp (SS:600175), which fell 10.09% or 0.340 points to trade at 3.030 at the close. Gangtai Holdin (SS:600687) declined 10.02% or 0.820 points to end at 7.360 and Shangying Global Co Ltd (SS:600146) was down 10.01% or 1.46 points to 13.12.

The top performers on the SZSE Component were Jiangsu Sanyou Group Co Ltd (SZ:002044) which rose 10.00% to 15.84, Chongqing Zhifei Bio Products (SZ:300122) which was up 9.15% to settle at 41.97 and Livzon Pharmaceutical Group Inc (SZ:000513) which gained 8.57% to close at 38.65.

The worst performers were Yinyi Real Estate Co Ltd (SZ:000981) which was down 10.06% to 6.26 in late trade, Jiangsu Aucksun Co Ltd (SZ:002245) which lost 8.56% to settle at 4.70 and Shandong Qixing Iron Tower Co Ltd (SZ:002359) which was down 5.52% to 18.50 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1181 to 205 and 55 ended unchanged.

Shares in MeiDu Energy Corp (SS:600175) fell to 5-year lows; down 10.09% or 0.340 to 3.030. Shares in Gangtai Holdin (SS:600687) fell to 3-years lows; falling 10.02% or 0.820 to 7.360. Shares in Shangying Global Co Ltd (SS:600146) fell to 3-years lows; falling 10.01% or 1.46 to 13.12. Shares in Yinyi Real Estate Co Ltd (SZ:000981) fell to 5-year lows; losing 10.06% or 0.70 to 6.26. Shares in Jiangsu Aucksun Co Ltd (SZ:002245) fell to 3-years lows; falling 8.56% or 0.44 to 4.70. Shares in Shandong Qixing Iron Tower Co Ltd (SZ:002359) fell to 52-week lows; losing 5.52% or 1.08 to 18.50.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.17% to 23.27.

Gold Futures for December delivery was up 0.51% or 6.10 to $1200.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.05% or 0.03 to hit $65.45 a barrel, while the October Brent oil contract rose 0.07% or 0.05 to trade at $72.26 a barrel.

USD/CNY was down 0.21% to 6.8443, while EUR/CNY rose 0.03% to 7.8774.

The US Dollar Index Futures was down 0.20% at 95.49.

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