China shares higher at close of trade; Shanghai Composite up 0.71%

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China shares higher at close of trade; Shanghai Composite up 0.71%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Wednesday, as gains in the Life Insurance , Travel & Leisure and Retailers sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.71%, while the SZSE Component index gained 0.76%.

The biggest gainers of the session on the Shanghai Composite were Jinzhou Port Co Ltd A (SS: 600190 ), which rose 10.13% or 0.310 points to trade at 3.370 at the close. Lifan Industry Group Co Ltd (SS: 601777 ) added 10.10% or 0.400 points to end at 4.360 and Shenyang Jinbei Automotive Co Ltd (SS: 600609 ) was up 10.06% or 0.320 points to 3.500 in late trade.

Biggest losers included Pengqi Technology Development Co Ltd B (SS: 900907 ), which lost 8.06% or 0.040 points to trade at 0.456 in late trade. P2P Financial Information Service Co Ltd (SS: 600696 ) declined 4.81% or 0.270 points to end at 5.340 and Shanghai Prosolar Resources Development Co Ltd (SS: 600193 ) shed 4.58% or 0.170 points to 3.540.

The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ: 002681 ) which rose 10.10% to 4.58, Guangdong Eastone Century Technology Co Ltd (SZ: 300310 ) which was up 10.04% to settle at 5.48 and Huangshan Jinma Co Ltd (SZ: 000980 ) which gained 10.04% to close at 4.93.

The worst performers were EVE Energy (SZ: 300014 ) which was down 5.87% to 16.52 in late trade, Yunnan Chuangxin New Material Co Ltd (SZ: 002812 ) which lost 5.04% to settle at 48.00 and Beijing Easpring Material Tech (SZ: 300073 ) which was down 4.78% to 27.10 at the close.

Advancing stocks outnumbered falling ones by 790 to 588 and 101 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 24.42 a new 1-month low.

In commodities trading, Gold Futures for February delivery was down 0.21% or 2.65 to $1283.25 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.23% or 0.61 to hit $50.39 a barrel, while the March Brent oil contract rose 1.18% or 0.69 to trade at $59.41 a barrel.

USD/CNY was down 0.26% to 6.8351, while EUR/CNY fell 0.03% to 7.8362.

The US Dollar Index Futures was down 0.13% at 95.352.

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