China shares higher at close of trade; Shanghai Composite up 0.92%

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China shares higher at close of trade; Shanghai Composite up 0.92%
Credit: © Reuters. – China equities were higher at the close on Wednesday, as gains in the Life Insurance , Technology Hardware & Equipment and Banking sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.92% to hit a new 1-month high, while the SZSE Component index gained 0.80%.

The biggest gainers of the session on the Shanghai Composite were Dazhou Xingye Holding Co Ltd (SS: 600603 ), which rose 10.07% or 0.450 points to trade at 4.920 at the close. Guangdong Sitong Group Co Ltd (SS: 603838 ) added 10.00% or 1.06 points to end at 11.66 and Beijing Changjiu Logistics Corp (SS: 603569 ) was up 9.98% or 1.330 points to 14.660 in late trade.

Biggest losers included Tianjin Tianhai Investment Co Ltd B (SS: 900938 ), which lost 9.98% or 0.051 points to trade at 0.460 in late trade. A-Zenith Home Furnishings Co Ltd (SS: 603389 ) declined 9.96% or 1.380 points to end at 12.470 and Tianjin Tianhai Investment Co Ltd A (SS: 600751 ) shed 9.93% or 0.580 points to 5.260.

The top performers on the SZSE Component were Fujian Guanfu Modern Household Wares Co Ltd (SZ: 002102 ) which rose 10.04% to 2.63, Shandong Qixing Iron Tower Co Ltd (SZ: 002359 ) which was up 9.53% to settle at 10.92 and Valiant Co Ltd (SZ: 002643 ) which gained 6.79% to close at 9.91.

The worst performers were Fujian Sunner Development Co Ltd (SZ: 002299 ) which was down 4.39% to 15.67 in late trade, Beijing Philisense Tech (SZ: 300287 ) which lost 3.08% to settle at 5.67 and Hangzhou Century Co Ltd (SZ: 300078 ) which was down 2.91% to 9.68 at the close.

Advancing stocks outnumbered falling ones by 782 to 511 and 164 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 22.84.

In commodities trading, Gold Futures for December delivery was down 0.03% or 0.40 to $1204.70 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.03% or 0.02 to hit $72.30 a barrel, while the December Brent oil contract rose 0.20% or 0.16 to trade at $81.42 a barrel.

USD/CNY was up 0.14% to 6.8769, while EUR/CNY rose 0.14% to 8.0921.

The US Dollar Index Futures was down 0.01% at 93.72.

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