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China shares higher at close of trade; Shanghai Composite up 1.85%

Published 2018-08-09, 03:35 a/m
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.85%
FTXIN4101010
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FTXIN4101020
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FTXIN410
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SSEC
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VXFXI
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600241
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600281
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600470
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600641
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600734
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601789
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SZI
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002368
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002261
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000766
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300118
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300188
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300266
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Investing.com – China equities were higher at the close on Thursday, 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 1.85%, while the SZSE Component index climbed 2.98%.

The biggest gainers of the session on the Shanghai Composite were Anhui Liuguo Chemical Co Ltd (SS:600470), which rose 10.09% or 0.470 points to trade at 5.130 at the close. Liaoning Shidai Wanheng Co Ltd (SS:600241) added 10.07% or 0.710 points to end at 7.760 and Start Group (SS:600734) was up 10.04% or 0.670 points to 7.340 in late trade.

Biggest losers included Shanghai Wanye Enterprises Co Ltd (SS:600641), which lost 4.02% or 0.490 points to trade at 11.690 in late trade. Taiyuan Chemical Industry Co Ltd (SS:600281) declined 3.14% or 0.140 points to end at 4.320 and Ningbo Construction Co Ltd (SS:601789) shed 2.82% or 0.120 points to 4.140.

The top performers on the SZSE Component were Xingyuan Environment Technology Co Ltd (SZ:300266) which rose 10.08% to 3.93, Xiamen Meiya Pico Information (SZ:300188) which was up 10.02% to settle at 18.00 and Taiji Computer Corp Ltd (SZ:002368) which gained 10.00% to close at 32.79.

The worst performers were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which was down 9.95% to 8.33 in late trade, Risen Energy (SZ:300118) which lost 7.73% to settle at 8.00 and Talkweb Information System Co Ltd (SZ:002261) which was down 3.23% to 5.400 at the close.

Advancing stocks outnumbered falling ones by 1333 to 79 and 18 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 20.96 a new 1-month low.

In commodities trading, Gold Futures for December delivery was down 0.16% or 1.90 to $1219.10 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.36% or 0.24 to hit $66.70 a barrel, while the October Brent oil contract fell 0.28% or 0.20 to trade at $72.08 a barrel.

USD/CNY was down 0.11% to 6.8294, while EUR/CNY fell 0.37% to 7.9080.

The US Dollar Index Futures was up 0.23% at 95.17.

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