China shares higher at close of trade; Shanghai Composite up 0.56%

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China shares higher at close of trade; Shanghai Composite up 0.56% – China equities were higher at the close on Monday, as gains in the Oil Equipment Services & Distribution , Technology Hardware & Equipment and Technology sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.56% to hit a new 1-month high, while the SZSE Component index climbed 0.59%.

The biggest gainers of the session on the Shanghai Composite were Citic Guoan Wine Co Ltd (SS: 600084 ), which rose 10.17% or 0.300 points to trade at 3.250 at the close. Shanghai Hongda Mining Co Ltd (SS: 600532 ) added 10.07% or 0.450 points to end at 4.920 and Zhejiang Huazheng New Material Co Ltd (SS: 603186 ) was up 9.99% or 1.64 points to 18.05 in late trade.

Biggest losers included Fujian Anjoy Foods Co Ltd (SS: 603345 ), which lost 7.13% or 2.77 points to trade at 36.07 in late trade. Pengqi Technology Development Co Ltd A (SS: 600614 ) declined 6.23% or 0.380 points to end at 5.720 and Shanghai No1 Pharmacy Co Ltd (SS: 600833 ) shed 5.62% or 0.600 points to 10.070.

The top performers on the SZSE Component were Jiaozuo Wanfang Aluminum (SZ: 000612 ) which rose 10.07% to 4.92, Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ: 300317 ) which was up 9.95% to settle at 6.08 and Yangzhou Yangjie Electronic Technology Co Ltd (SZ: 300373 ) which gained 8.33% to close at 15.60.

The worst performers were Fujian Guanfu Modern Household Wares Co Ltd (SZ: 002102 ) which was down 4.92% to 1.74 in late trade, Zhejiang Hexin Industry Group Co Ltd (SZ: 002343 ) which lost 4.80% to settle at 8.72 and Suzhou Anjie Technology Co Ltd (SZ: 002635 ) which was down 4.19% to 10.74 at the close.

Advancing stocks outnumbered falling ones by 857 to 510 and 113 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 3.31% to 21.02 a new 3-month low.

In commodities trading, Gold Futures for February delivery was down 0.03% or 0.35 to $1282.25 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.30% or 0.16 to hit $54.20 a barrel, while the March Brent oil contract rose 0.21% or 0.13 to trade at $62.83 a barrel.

USD/CNY was up 0.19% to 6.7893, while EUR/CNY rose 0.32% to 7.7287.

The US Dollar Index Futures was down 0.09% at 95.905.

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