China shares higher at close of trade; Shanghai Composite up 0.41%

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China shares higher at close of trade; Shanghai Composite up 0.41%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Thursday, as gains in the Software & Computer Services , Technology and Life Insurance sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.41%, while the SZSE Component index gained 0.66%.

The biggest gainers of the session on the Shanghai Composite were Harbin Dongan Auto Engine Co Ltd (SS: 600178 ), which rose 10.09% or 0.470 points to trade at 5.130 at the close. Shanghai Industrial Development Co Ltd (SS: 600748 ) added 10.08% or 0.520 points to end at 5.680 and Hunan Corun New Energy Co Ltd (SS: 600478 ) was up 10.05% or 0.440 points to 4.820 in late trade.

Biggest losers included Eastern Gold Jade Co Ltd (SS: 600086 ), which lost 9.92% or 0.390 points to trade at 3.540 in late trade. Hongda (SS: 600331 ) declined 7.54% or 0.230 points to end at 2.820 and Xinjiang Winka Times Department Store Co Ltd (SS: 603101 ) shed 7.28% or 0.990 points to 12.600.

The top performers on the SZSE Component were Meisheng Cultural & Creative Corp Ltd (SZ: 002699 ) which rose 10.06% to 5.69, Sungrow Power Supply Co Ltd (SZ: 300274 ) which was up 10.03% to settle at 11.41 and Beijing Sevenstar Electronics Co Ltd (SZ: 002371 ) which gained 8.76% to close at 45.80.

The worst performers were Beihai Yinhe Industry Investment Co Ltd (SZ: 000806 ) which was down 9.92% to 4.36 in late trade, Shaanxi J&R Fire Protection Co Ltd (SZ: 300116 ) which lost 5.33% to settle at 1.60 and Jinke Property Group Co Ltd (SZ: 000656 ) which was down 5.28% to 5.56 at the close.

Advancing stocks outnumbered falling ones by 830 to 542 and 110 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 5.62% to 21.67.

In commodities trading, Gold Futures for February delivery was down 0.35% or 4.55 to $1279.45 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.34% or 0.18 to hit $52.44 a barrel, while the March Brent oil contract fell 0.43% or 0.26 to trade at $60.88 a barrel.

USD/CNY was up 0.03% to 6.7915, while EUR/CNY fell 0.05% to 7.7229.

The US Dollar Index Futures was up 0.13% at 95.898.

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