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China shares higher at close of trade; Shanghai Composite up 1.05%

Published 2018-11-28, 02:35 a/m
Updated 2018-11-28, 02:35 a/m
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.05%

Investing.com – China equities were higher at the close on Wednesday, as gains in the Media, Real Estate Investments & Services and Travel & Leisure sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 1.05%, while the SZSE Component index climbed 1.60%.

The biggest gainers of the session on the Shanghai Composite were JiShi Media Co Ltd (SS:601929), which rose 10.14% or 0.220 points to trade at 2.390 at the close. Guizhou BC&TV Information Network Co Ltd (SS:600996) added 10.08% or 0.650 points to end at 7.100 and Ningbo Bird Co Ltd (SS:600130) was up 10.06% or 0.360 points to 3.940 in late trade.

Biggest losers included Shanghai DaZhong Public Utilities Group Co Ltd (SS:600635), which lost 10.05% or 0.620 points to trade at 5.550 in late trade. Beihai Gofar Marine Biological Industry Co Ltd (SS:600538) declined 10.02% or 0.530 points to end at 4.760 and Shanghai Xinhua Media Co Ltd (SS:600825) shed 9.92% or 0.700 points to 6.360.

The top performers on the SZSE Component were CITIC Guoan Information Industry Co Ltd (SZ:000839) which rose 10.06% to 3.94, Hainan Strait Shipping Co Ltd (SZ:002320) which was up 10.02% to settle at 14.38 and Wasu Media Holding Co Ltd (SZ:000156) which gained 9.98% to close at 9.81.

The worst performers were Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 10.00% to 18.53 in late trade, Zhonghong Holding Co Ltd (SZ:000979) which lost 9.38% to settle at 0.29 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which was down 6.85% to 6.80 at the close.

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Advancing stocks outnumbered falling ones by 1166 to 262 and 45 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 28.73.

In commodities trading, Gold Futures for February delivery was down 0.06% or 0.70 to $1219.20 a troy ounce. Meanwhile, Crude oil for delivery in January rose 1.49% or 0.77 to hit $52.33 a barrel, while the February Brent oil contract rose 1.23% or 0.74 to trade at $61.14 a barrel.

USD/CNY was up 0.04% to 6.9542, while EUR/CNY fell 0.04% to 7.8481.

The US Dollar Index Futures was up 0.07% at 97.345.

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