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China shares higher at close of trade; Shanghai Composite up 0.92%

Published 2018-09-26, 03:35 a/m
Updated 2018-09-26, 03:35 a/m
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.92%

© Reuters. China shares higher at close of trade; Shanghai Composite up 0.92%

Investing.com – China equities were higher at the close on Wednesday, as gains in the Life Insurance, Technology Hardware & Equipment and Banking sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.92% to hit a new 1-month high, while the SZSE Component index gained 0.80%.

The biggest gainers of the session on the Shanghai Composite were Dazhou Xingye Holding Co Ltd (SS:600603), which rose 10.07% or 0.450 points to trade at 4.920 at the close. Guangdong Sitong Group Co Ltd (SS:603838) added 10.00% or 1.06 points to end at 11.66 and Beijing Changjiu Logistics Corp (SS:603569) was up 9.98% or 1.330 points to 14.660 in late trade.

Biggest losers included Tianjin Tianhai Investment Co Ltd B (SS:900938), which lost 9.98% or 0.051 points to trade at 0.460 in late trade. A-Zenith Home Furnishings Co Ltd (SS:603389) declined 9.96% or 1.380 points to end at 12.470 and Tianjin Tianhai Investment Co Ltd A (SS:600751) shed 9.93% or 0.580 points to 5.260.

The top performers on the SZSE Component were Fujian Guanfu Modern Household Wares Co Ltd (SZ:002102) which rose 10.04% to 2.63, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which was up 9.53% to settle at 10.92 and Valiant Co Ltd (SZ:002643) which gained 6.79% to close at 9.91.

The worst performers were Fujian Sunner Development Co Ltd (SZ:002299) which was down 4.39% to 15.67 in late trade, Beijing Philisense Tech (SZ:300287) which lost 3.08% to settle at 5.67 and Hangzhou Century Co Ltd (SZ:300078) which was down 2.91% to 9.68 at the close.

Advancing stocks outnumbered falling ones by 782 to 511 and 164 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 22.84.

In commodities trading, Gold Futures for December delivery was down 0.03% or 0.40 to $1204.70 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.03% or 0.02 to hit $72.30 a barrel, while the December Brent oil contract rose 0.20% or 0.16 to trade at $81.42 a barrel.

USD/CNY was up 0.14% to 6.8769, while EUR/CNY rose 0.14% to 8.0921.

The US Dollar Index Futures was down 0.01% at 93.72.

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