China shares higher at close of trade; Shanghai Composite up 0.35%

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China shares higher at close of trade; Shanghai Composite up 0.35%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Thursday, as gains in the Life Insurance , Banking and Financials sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.35%, while the SZSE Component index climbed 0.12%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Shenhua Holdings Co Ltd (SS: 600653 ), which rose 9.90% or 0.200 points to trade at 2.220 at the close. Guangdong Ellington Electronics Technology Co Ltd (SS: 603328 ) added 7.26% or 0.71 points to end at 10.49 and Inspur Software Co Ltd (SS: 600756 ) was up 6.63% or 1.010 points to 16.250 in late trade.

Biggest losers included Beijing Huaye Capital Holdings Co Ltd (SS: 600240 ), which lost 10.18% or 0.230 points to trade at 2.030 in late trade. Xinke Material (SS: 600255 ) declined 10.16% or 0.190 points to end at 1.680 and Xiamen XGMA Machinery Co Ltd (SS: 600815 ) shed 10.14% or 0.290 points to 2.570.

The top performers on the SZSE Component were Beijing Lanxum Tech Co (SZ: 300010 ) which rose 8.69% to 7.13, Zhejiang Jinke Peroxides Co Ltd (SZ: 300459 ) which was up 6.87% to settle at 7.00 and JANUS Dongguan Precision Components Co Ltd (SZ: 300083 ) which gained 6.67% to close at 2.56.

The worst performers were Ourpalm (SZ: 300315 ) which was down 10.12% to 3.02 in late trade, United Electronics Co Ltd (SZ: 002642 ) which lost 10.05% to settle at 5.55 and Meisheng Cultural & Creative Corp Ltd (SZ: 002699 ) which was down 10.02% to 4.40 at the close.

Declining stocks outnumbered rising ones by 1087 to 360 and 37 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 1.35% to 21.92.

In commodities trading, Gold Futures for February delivery was up 0.82% or 10.70 to $1320.60 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.55% or 0.30 to hit $54.53 a barrel, while the April Brent oil contract rose 0.71% or 0.44 to trade at $61.98 a barrel.

USD/CNY was down 0.13% to 6.7027, while EUR/CNY rose 0.16% to 7.7148.

The US Dollar Index Futures was down 0.13% at 94.905.

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