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China shares higher at close of trade; Shanghai Composite up 1.23%

Stock MarketsMay 18, 2018 03:35
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© Reuters. China shares higher at close of trade; Shanghai Composite up 1.23%

Investing.com – China equities were higher at the close on Friday, as gains in the Oil Equipment Services & Distribution, Life Insurance and Financials sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.23% to hit a new 1-month high, while the SZSE Component index gained 0.35%.

The biggest gainers of the session on the Shanghai Composite were Offshore Oil Engineering Co Ltd (SS:600583), which rose 10.08% or 0.610 points to trade at 6.660 at the close. Xinjiang Dushanzi TianLi High & NewTech Co Ltd PRC (SS:600339) added 10.02% or 0.480 points to end at 5.270 and Anhui Province Natural Gas Development Co Ltd (SS:603689) was up 10.01% or 1.19 points to 13.08 in late trade.

Biggest losers included Aurora Optoelectronics Co Ltd (SS:600666), which lost 9.56% or 0.650 points to trade at 6.150 in late trade. Xin Jiang Ready Health Industry Co Ltd (SS:600090) declined 9.44% or 0.830 points to end at 7.960 and Qian Jiang Water Resources Development Co Ltd (SS:600283) shed 7.58% or 1.110 points to 13.530.

The top performers on the SZSE Component were Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which rose 9.98% to 19.61, Cofco Biochemical Anhui Co Ltd (SZ:000930) which was up 7.06% to settle at 12.29 and Shanxi Xishan Coal and Electricity Power Co Ltd (SZ:000983) which gained 6.79% to close at 8.49.

The worst performers were Henan Billions Chemicals Co Ltd (SZ:002601) which was down 10.02% to 16.08 in late trade, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which lost 9.98% to settle at 19.58 and Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which was down 9.67% to 7.85 at the close.

Advancing stocks outnumbered falling ones by 920 to 397 and 62 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 21.03.

In commodities trading, Gold Futures for June delivery was down 0.02% or 0.20 to $1289.20 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.21% or 0.15 to hit $71.64 a barrel, while the July Brent oil contract rose 0.35% or 0.28 to trade at $79.58 a barrel.

USD/CNY was up 0.05% to 6.3705, while EUR/CNY rose 0.24% to 7.5281.

The US Dollar Index Futures was down 0.10% at 93.30.

China shares higher at close of trade; Shanghai Composite up 1.23%
 

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