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China shares higher at close of trade; Shanghai Composite up 0.44%

Published 2018/12/28, 09:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.44%
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Investing.com – China equities were higher at the close on Friday, as gains in the Electricity, Utilities and Travel & Leisure sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.44%, while the SZSE Component index gained 0.34%.

The biggest gainers of the session on the Shanghai Composite were Pengqi Technology Development Co Ltd B (SS:900907), which rose 10.14% or 0.036 points to trade at 0.391 at the close. Pengqi Technology Development Co Ltd A (SS:600614) added 10.12% or 0.330 points to end at 3.590 and Hangzhou Advance Gearbox Group Co Ltd (SS:601177) was up 10.05% or 0.820 points to 8.980 in late trade.

Biggest losers included Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165), which lost 8.63% or 0.460 points to trade at 4.870 in late trade. China National Software & Service Co Ltd (SS:600536) declined 7.59% or 1.720 points to end at 20.930 and Inspur Software Co Ltd (SS:600756) shed 7.33% or 1.210 points to 15.290.

The top performers on the SZSE Component were Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which rose 8.23% to 6.84, Sealand Securities Co Ltd (SZ:000750) which was up 7.92% to settle at 4.36 and Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which gained 6.83% to close at 10.16.

The worst performers were Inspur Electronic Info Industr (SZ:000977) which was down 6.63% to 15.920 in late trade, Hybio Pharmaceutical (SZ:300199) which lost 6.13% to settle at 9.34 and Shenzhen Techand Eco Environment (SZ:300197) which was down 5.01% to 3.79 at the close.

Advancing stocks outnumbered falling ones by 779 to 588 and 110 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 28.88.

In commodities trading, Gold Futures for February delivery was up 0.14% or 1.85 to $1282.95 a troy ounce. Meanwhile, Crude oil for delivery in February rose 2.40% or 1.07 to hit $45.68 a barrel, while the March Brent oil contract rose 2.09% or 1.10 to trade at $53.83 a barrel.

USD/CNY was down 0.17% to 6.8545, while EUR/CNY fell 0.04% to 7.8480.

The US Dollar Index Futures was down 0.06% at 95.942.

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