Investing.com – China stocks were higher after the close on Wednesday, as gains in the Electricity, Utilities and Telecoms sectors led shares higher.
At the close in Shanghai, the Shanghai Composite rose 1.66%, while the SZSE Component index gained 1.93%.
The best performers of the session on the Shanghai Composite were Mengdian (SS:600863), which rose 10.07% or 0.770 points to trade at 8.420 at the close. Meanwhile, Htdc (SS:601188) added 10.06% or 0.850 points to end at 9.300 and Huadian Energy (SS:600726) was up 10.05% or 0.930 points to 10.180 in late trade.
The worst performers of the session were Bohai Piston (SS:600960), which fell 10.02% or 2.270 points to trade at 20.390 at the close. Lingyun Ind (SS:600480) declined 9.98% or 3.250 points to end at 29.300 and Aokang Shoes (SS:603001) was down 8.84% or 4.420 points to 45.600.
The top performers on the SZSE Component were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which rose 9.99% to 35.67, Beijing Originwater Technology (SZ:300070) which was up 6.15% to settle at 58.82 and Zhejiang Dahua Technology Co Ltd (SZ:002236) which gained 5.22% to close at 40.49.
The worst performers were BYD Co Ltd (SZ:002594) which was down 2.70% to 70.90 in late trade, Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which lost 1.76% to settle at 12.87 and Financial Street Holdings Co Ltd (SZ:000402) which was down 1.40% to 14.74 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 694 to 265.
Shares in Mengdian (SS:600863) rose to all time highs; up 10.07% or 0.770 to 8.420. Shares in Htdc (SS:601188) rose to all time highs; up 10.06% or 0.850 to 9.300. Shares in Huadian Energy (SS:600726) rose to all time highs; gaining 10.05% or 0.930 to 10.180.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 2.80% to 31.99.
Gold for August delivery was down 0.17% or 2.00 to $1178.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.22% or 0.13 to hit $60.58 a barrel, while the August Brent oil contract rose 0.16% or 0.10 to trade at $63.80 a barrel.
USD/CNY was unchanged 0.00% to 6.2086, while EUR/CNY rose 0.06% to 6.9898.
The US Dollar Index was down 0.07% at 95.15.