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China shares higher at close of trade; Shanghai Composite up 0.31%

Published 2018/12/12, 09:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.31%
FTXIN4651010
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Investing.com – China equities were higher at the close on Wednesday, as gains in the Oil Equipment Services & Distribution, Real Estate Investments & Services and Electricity sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.31%, while the SZSE Component index climbed 0.16%.

The biggest gainers of the session on the Shanghai Composite were Jiangsu Sunrain Solar Energy Co Ltd (SS:603366), which rose 10.09% or 0.440 points to trade at 4.800 at the close. Aurora Optoelectronics Co Ltd (SS:600666) added 9.88% or 0.330 points to end at 3.670 and Ningbo Jifeng Auto Parts Co Ltd (SS:603997) was up 7.32% or 0.57 points to 8.36 in late trade.

Biggest losers included Zhejiang Langdi Group Co Ltd (SS:603726), which lost 9.17% or 2.080 points to trade at 20.600 in late trade. Eastern Communications Co Ltd A (SS:600776) declined 7.01% or 0.540 points to end at 7.160 and Nanjing Panda Electronics Co Ltd (SS:600775) shed 6.02% or 0.40 points to 6.24.

The top performers on the SZSE Component were Zhejiang Longsheng Auto Parts Co Ltd (SZ:002625) which rose 10.05% to 9.64, Jiangxi Special Electric Motor Co Ltd (SZ:002176) which was up 9.98% to settle at 6.83 and EVE Energy (SZ:300014) which gained 6.41% to close at 16.60.

The worst performers were Guangdong Eastone Century Technology Co Ltd (SZ:300310) which was down 4.85% to 5.10 in late trade, Fujian Guanfu Modern Household Wares Co Ltd (SZ:002102) which lost 4.55% to settle at 1.89 and Holitech Technology Co Ltd (SZ:002217) which was down 3.95% to 5.350 at the close.

Advancing stocks outnumbered falling ones by 715 to 618 and 144 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.59% to 27.27.

In commodities trading, Gold Futures for February delivery was down 0.03% or 0.40 to $1247.95 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.54% or 0.28 to hit $52.23 a barrel, while the February Brent oil contract rose 1.05% or 0.63 to trade at $60.83 a barrel.

USD/CNY was down 0.16% to 6.8887, while EUR/CNY fell 0.12% to 7.8011.

The US Dollar Index Futures was up 0.04% at 97.393.

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