China shares higher at close of trade; Shanghai Composite up 0.39%

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China shares higher at close of trade; Shanghai Composite up 0.39%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Friday, as gains in the Banking , Real Estate Investments & Services and Life Insurance sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.39%, while the SZSE Component index climbed 0.29%.

The biggest gainers of the session on the Shanghai Composite were Poten Environment Group Co Ltd (SS: 603603 ), which rose 10.00% or 1.58 points to trade at 17.38 at the close. Beijing Bashi Media Co Ltd (SS: 600386 ) added 10.00% or 0.350 points to end at 3.850 and Lanzhou Greatwall Electrical Co Ltd (SS: 600192 ) was up 10.00% or 0.540 points to 5.940 in late trade.

Biggest losers included Guizhou Changzheng Tiancheng Holding Co Ltd (SS: 600112 ), which lost 10.07% or 0.450 points to trade at 4.020 in late trade. Shanghai Huili Building Materials Co Ltd (SS: 900939 ) declined 10.01% or 0.077 points to end at 0.692 and Guangdong Sitong Group Co Ltd (SS: 603838 ) shed 10.00% or 0.93 points to 8.37.

The top performers on the SZSE Component were CITIC Guoan Information Industry Co Ltd (SZ: 000839 ) which rose 9.94% to 3.54, Yangzhou Yangjie Electronic Technology Co Ltd (SZ: 300373 ) which was up 9.49% to settle at 17.08 and Wuxi Lead Auto Equipment Co Ltd (SZ: 300450 ) which gained 7.39% to close at 30.82.

The worst performers were Beihai Yinhe Industry Investment Co Ltd (SZ: 000806 ) which was down 10.09% to 3.92 in late trade, Goldleaf Jewelry Co Ltd (SZ: 000587 ) which lost 10.07% to settle at 2.59 and Beijing Baofeng Technology Co Ltd (SZ: 300431 ) which was down 10.00% to 8.01 at the close.

Declining stocks outnumbered rising ones by 985 to 438 and 58 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 3-month low.

In commodities trading, Gold Futures for February delivery was up 0.24% or 3.05 to $1282.85 a troy ounce. Meanwhile, Crude oil for delivery in March rose 1.13% or 0.60 to hit $53.73 a barrel, while the March Brent oil contract rose 0.93% or 0.57 to trade at $61.66 a barrel.

USD/CNY was down 0.30% to 6.7631, while EUR/CNY fell 0.15% to 7.6571.

The US Dollar Index Futures was down 0.20% at 96.107.

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