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China stocks higher at close of trade; Shanghai Composite up 2.49%

Published 07/09/2018, 03:35 AM
© Reuters.  China stocks higher at close of trade; Shanghai Composite up 2.49%

Investing.com – China stocks were higher after the close on Monday, as gains in the Banking, Life Insurance and Real Estate Investments & Services sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 2.49%, while the SZSE Component index gained 2.80%.

The best performers of the session on the Shanghai Composite were Changchun Sinoenergy Corp (SS:600856), which rose 10.09% or 0.570 points to trade at 6.220 at the close. Meanwhile, Zhejiang Whwh (SS:600576) added 10.06% or 0.49 points to end at 5.36 and Shanghai Highly Group Co Ltd A (SS:600619) was up 10.04% or 1.130 points to 12.390 in late trade.

The worst performers of the session were Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which fell 10.02% or 1.340 points to trade at 12.030 at the close. Zhejiang Huahai Pharmaceutical Co Ltd (SS:600521) declined 9.99% or 2.280 points to end at 20.540 and Zhengping Road & Bridge Construction Co Ltd (SS:603843) was down 9.95% or 0.910 points to 8.240.

The top performers on the SZSE Component were JPMF Guangdong Co Ltd (SZ:002600) which rose 10.04% to 5.04, Xinjiang Goldwind Science & Technology Co Ltd Class A (SZ:002202) which was up 10.04% to settle at 12.93 and Hangzhou Tigermed Consulting (SZ:300347) which gained 10.00% to close at 62.79.

The worst performers were Beijing Baofeng Technology Co Ltd (SZ:300431) which was down 10.02% to 12.75 in late trade, Wonders Information (SZ:300168) which lost 10.01% to settle at 19.14 and Yinji Entertainment Media Co Ltd (SZ:002143) which was down 10.01% to 10.88 at the close.

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Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1325 to 70 and 15 ended unchanged.

Shares in Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) fell to 52-week lows; falling 10.02% or 1.340 to 12.030. Shares in Zhengping Road & Bridge Construction Co Ltd (SS:603843) fell to 52-week lows; falling 9.95% or 0.910 to 8.240. Shares in Beijing Baofeng Technology Co Ltd (SZ:300431) fell to 3-years lows; down 10.02% or 1.42 to 12.75. Shares in Yinji Entertainment Media Co Ltd (SZ:002143) fell to 3-years lows; losing 10.01% or 1.21 to 10.88.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 24.92.

Gold Futures for August delivery was up 0.37% or 4.70 to $1260.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.15% or 0.11 to hit $73.69 a barrel, while the September Brent oil contract rose 0.48% or 0.37 to trade at $77.48 a barrel.

USD/CNY was down 0.30% to 6.6233, while EUR/CNY fell 0.23% to 7.7858.

The US Dollar Index Futures was down 0.10% at 93.67.

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