China shares higher at close of trade; Shanghai Composite up 0.72%

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China shares higher at close of trade; Shanghai Composite up 0.72%
Credit: © Reuters. – China equities were higher at the close on Monday, as gains in the Software & Computer Services , Technology and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 0.72%, while the SZSE Component index added 1.58%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Zhixin Electric Co Ltd (SS: 600517 ), which rose 10.14% or 0.360 points to trade at 3.910 at the close. Fujian Furi Electronics Co Ltd (SS: 600203 ) added 10.11% or 0.48 points to end at 5.23 and Baosheng (SS: 600973 ) was up 10.10% or 0.410 points to 4.470 in late trade.

Biggest losers included New China Life Insurance Co Ltd (SS: 601336 ), which lost 6.72% or 2.920 points to trade at 40.510 in late trade. Wuhan Hanshang Group Co Ltd (SS: 600774 ) declined 3.82% or 0.510 points to end at 12.840 and Fushun Special Steel Co Ltd (SS: 600399 ) shed 3.28% or 0.090 points to 2.650.

The top performers on the SZSE Component were Talkweb Information System Co Ltd (SZ: 002261 ) which rose 10.09% to 4.690, Chinascholars Group Co Ltd (SZ: 000547 ) which was up 10.04% to settle at 9.10 and Sichuan Danfu Compressor Co Ltd (SZ: 002366 ) which gained 9.96% to close at 11.15.

The worst performers were Zhejiang Jiangshan Chemical Co Ltd (SZ: 002061 ) which was down 5.56% to 9.00 in late trade, GuangDong Huasheng Electrical Appliances Co Ltd (SZ: 002670 ) which lost 3.37% to settle at 10.88 and Jinke Property Group Co Ltd (SZ: 000656 ) which was down 2.60% to 6.00 at the close.

Advancing stocks outnumbered falling ones by 1308 to 143 and 28 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 25.03 a new 1-month low.

In commodities trading, Gold Futures for February delivery was up 0.44% or 5.60 to $1291.40 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.61% or 0.77 to hit $48.73 a barrel, while the March Brent oil contract rose 1.44% or 0.82 to trade at $57.88 a barrel.

USD/CNY was up 0.01% to 6.8703, while EUR/CNY fell 0.04% to 7.8201.

The US Dollar Index Futures was down 0.14% at 95.618.

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