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China shares higher at close of trade; Shanghai Composite up 1.04%

Published 2018-03-27, 03:35 a/m
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.04%
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Investing.com – China equities were higher at the close on Tuesday, as gains in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.04%, while the SZSE Component index added 2.00%.

The biggest gainers of the session on the Shanghai Composite were JiLin Sino-Microelectronics Co Ltd (SS:600360), which rose 10.04% or 0.780 points to trade at 8.550 at the close. Jingkai (SS:600215) added 10.04% or 0.970 points to end at 10.630 and Sinomach Automobile Co Ltd (SS:600335) was up 10.03% or 0.980 points to 10.750 in late trade.

Biggest losers included HUAYU Automotive Systems Co Ltd (SS:600741), which lost 3.84% or 0.990 points to trade at 24.800 in late trade. TongKun Group Co Ltd (SS:601233) declined 3.19% or 0.700 points to end at 21.220 and Dalian Rubber (SS:600346) shed 2.97% or 0.45 points to 14.72.

The top performers on the SZSE Component were China Greatwall Computer Shenzhen Co Ltd (SZ:000066) which rose 10.06% to 7.88, United Electronics Co Ltd (SZ:002642) which was up 10.00% to settle at 12.65 and Taiji Computer Corp Ltd (SZ:002368) which gained 10.00% to close at 24.20.

The worst performers were Rongsheng Petrochemical Co Ltd (SZ:002493) which was down 4.45% to 14.81 in late trade, Bank of Ningbo Co Ltd (SZ:002142) which lost 3.30% to settle at 18.15 and Hunan Dakang Pasture Farming Co Ltd (SZ:002505) which was down 2.67% to 2.55 at the close.

Advancing stocks outnumbered falling ones by 1100 to 70 and 9 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 9.14% to 27.83.

In commodities trading, Gold Futures for April delivery was up 0.01% or 0.20 to $1355.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.18% or 0.12 to hit $65.67 a barrel, while the June Brent oil contract rose 0.20% or 0.14 to trade at $69.66 a barrel.

USD/CNY was down 0.25% to 6.2579, while EUR/CNY fell 0.09% to 7.8032.

The US Dollar Index Futures was down 0.06% at 88.59.

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