Investing.com – China equities were higher at the close on Friday, as gains in the Life Insurance, Technology Hardware & Equipment and Telecoms sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 0.46%, while the SZSE Component index gained 0.56%.
The biggest gainers of the session on the Shanghai Composite were Linhai Co Ltd (SS:600099), which rose 10.07% or 0.600 points to trade at 6.560 at the close. First Tractor Co Ltd (SS:601038) added 10.06% or 0.520 points to end at 5.690 and BanBao Co Ltd (SS:603398) was up 10.01% or 1.660 points to 18.240 in late trade.
Biggest losers included Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which lost 10.03% or 1.490 points to trade at 13.370 in late trade. Zhengping Road & Bridge Construction Co Ltd (SS:603843) declined 10.03% or 1.020 points to end at 9.150 and Shanghai New Huang Pu Real Estate Co Ltd (SS:600638) shed 10.02% or 1.210 points to 10.860.
The top performers on the SZSE Component were Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) which rose 10.09% to 3.82, Beijing Miteno Communication Technology Co Ltd (SZ:300038) which was up 10.03% to settle at 10.86 and United Electronics Co Ltd (SZ:002642) which gained 10.00% to close at 9.46.
The worst performers were Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which was down 10.07% to 4.91 in late trade, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ:300317) which lost 10.02% to settle at 7.81 and Xingyuan Environment Technology Co Ltd (SZ:300266) which was down 9.99% to 11.80 at the close.
Advancing stocks outnumbered falling ones by 840 to 505 and 63 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 27.24 a new 1-month high.
In commodities trading, Gold Futures for August delivery was down 0.23% or 2.90 to $1255.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.11% or 0.08 to hit $73.02 a barrel, while the September Brent oil contract fell 0.28% or 0.22 to trade at $77.17 a barrel.
USD/CNY was up 0.26% to 6.6534, while EUR/CNY rose 0.38% to 7.7888.
The US Dollar Index Futures was down 0.05% at 94.08.