China shares higher at close of trade; Shanghai Composite up 0.46%

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China shares higher at close of trade; Shanghai Composite up 0.46%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Friday, as gains in the Life Insurance , Technology Hardware & Equipment and Telecoms sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.46%, while the SZSE Component index gained 0.56%.

The biggest gainers of the session on the Shanghai Composite were Linhai Co Ltd (SS: 600099 ), which rose 10.07% or 0.600 points to trade at 6.560 at the close. First Tractor Co Ltd (SS: 601038 ) added 10.06% or 0.520 points to end at 5.690 and BanBao Co Ltd (SS: 603398 ) was up 10.01% or 1.660 points to 18.240 in late trade.

Biggest losers included Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS: 600165 ), which lost 10.03% or 1.490 points to trade at 13.370 in late trade. Zhengping Road & Bridge Construction Co Ltd (SS: 603843 ) declined 10.03% or 1.020 points to end at 9.150 and Shanghai New Huang Pu Real Estate Co Ltd (SS: 600638 ) shed 10.02% or 1.210 points to 10.860.

The top performers on the SZSE Component were Guilin Guanglu Measuring Instrument Co Ltd (SZ: 002175 ) which rose 10.09% to 3.82, Beijing Miteno Communication Technology Co Ltd (SZ: 300038 ) which was up 10.03% to settle at 10.86 and United Electronics Co Ltd (SZ: 002642 ) which gained 10.00% to close at 9.46.

The worst performers were Anhui Shengyun Environment-Protection Group Co Ltd (SZ: 300090 ) which was down 10.07% to 4.91 in late trade, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ: 300317 ) which lost 10.02% to settle at 7.81 and Xingyuan Environment Technology Co Ltd (SZ: 300266 ) which was down 9.99% to 11.80 at the close.

Advancing stocks outnumbered falling ones by 840 to 505 and 63 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 27.24 a new 1-month high.

In commodities trading, Gold Futures for August delivery was down 0.23% or 2.90 to $1255.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.11% or 0.08 to hit $73.02 a barrel, while the September Brent oil contract fell 0.28% or 0.22 to trade at $77.17 a barrel.

USD/CNY was up 0.26% to 6.6534, while EUR/CNY rose 0.38% to 7.7888.

The US Dollar Index Futures was down 0.05% at 94.08.

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