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China shares higher at close of trade; Shanghai Composite up 0.41%

Published 2018-11-16, 02:35 a/m
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.41%
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Investing.com – China equities were higher at the close on Friday, as gains in the Technology Hardware & Equipment, Real Estate Investments & Services and Technology sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.41% to hit a new 1-month high, while the SZSE Component index added 0.75%.

The biggest gainers of the session on the Shanghai Composite were Zhejiang Shenghua Biok Biology Co Ltd (SS:600226), which rose 10.12% or 0.340 points to trade at 3.700 at the close. Ningbo Yunsheng Co Ltd (SS:600366) added 10.09% or 0.570 points to end at 6.220 and Shang Gong Group Co Ltd B (SS:900924) was up 10.06% or 0.067 points to 0.733 in late trade.

Biggest losers included Sichuan Minjiang Hydropower Co Ltd (SS:600131), which lost 10.02% or 1.200 points to trade at 10.780 in late trade. Hua Xin Cement (SS:900933) declined 7.28% or 0.139 points to end at 1.770 and Shanghai Yahong Moulding Co Ltd (SS:603159) shed 3.91% or 0.810 points to 19.880.

The top performers on the SZSE Component were Sichuan Shuangma Cement Co Ltd (SZ:000935) which rose 10.02% to 18.12, GuangDong Huasheng Electrical Appliances Co Ltd (SZ:002670) which was up 10.01% to settle at 11.32 and Do-Fluoride Chemicals Co Ltd (SZ:002407) which gained 9.97% to close at 11.80.

The worst performers were Vtron Technologies Ltd (SZ:002308) which was down 10.05% to 5.280 in late trade, Jiangsu Shagang Co Ltd (SZ:002075) which lost 10.01% to settle at 14.48 and Zhonghong Holding Co Ltd (SZ:000979) which was down 9.46% to 0.67 at the close.

Advancing stocks outnumbered falling ones by 952 to 438 and 83 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.99.

In commodities trading, Gold Futures for December delivery was up 1.42% or 17.00 to $1216.20 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.81% or 0.46 to hit $56.92 a barrel, while the January Brent oil contract rose 1.02% or 0.68 to trade at $67.30 a barrel.

USD/CNY was up 0.03% to 6.9414, while EUR/CNY rose 0.26% to 7.8802.

The US Dollar Index Futures was down 0.04% at 96.75.

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