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China shares higher at close of trade; Shanghai Composite up 1.22%

Published 2018/11/12, 09:35
China shares higher at close of trade; Shanghai Composite up 1.22%
FTXIN4403010
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FTXIN4101010
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FTXIN410
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SSEC
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VXFXI
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600086
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600212
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600255
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601118
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SZI
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000917
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000666
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002147
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002028
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002143
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300274
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603028
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603677
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Investing.com – China equities were higher at the close on Monday, as gains in the Software & Computer Services, Technology and Media sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.22%, while the SZSE Component index gained 2.40%.

The biggest gainers of the session on the Shanghai Composite were Xinke Material (SS:600255), which rose 10.10% or 0.200 points to trade at 2.180 at the close. Jiangquan Ind (SS:600212) added 10.07% or 0.410 points to end at 4.480 and Jiangsu Safety Wire Rope Co Ltd (SS:603028) was up 10.06% or 0.690 points to 7.550 in late trade.

Biggest losers included Eastern Gold Jade Co Ltd (SS:600086), which lost 9.91% or 0.530 points to trade at 4.820 in late trade. Qijing Machinery Co Ltd (SS:603677) declined 8.47% or 1.49 points to end at 16.11 and China Hainan Rubber Industry Group Co Ltd (SS:601118) shed 6.53% or 0.350 points to 5.010.

The top performers on the SZSE Component were Yinji Entertainment Media Co Ltd (SZ:002143) which rose 10.12% to 3.59, Sungrow Power Supply Co Ltd (SZ:300274) which was up 10.06% to settle at 7.99 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which gained 10.02% to close at 5.49.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 10.06% to 6.35 in late trade, Jingwei Textile Machinery Co Ltd (SZ:000666) which lost 10.01% to settle at 16.27 and Sieyuan Electric Co Ltd (SZ:002028) which was down 6.65% to 10.52 at the close.

Advancing stocks outnumbered falling ones by 1409 to 58 and 6 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.34% to 28.34.

In commodities trading, Gold Futures for December delivery was up 0.03% or 0.40 to $1206.80 a troy ounce. Meanwhile, Crude oil for delivery in December rose 1.40% or 0.84 to hit $61.03 a barrel, while the January Brent oil contract rose 2.05% or 1.44 to trade at $71.62 a barrel.

USD/CNY was up 0.10% to 6.9637, while EUR/CNY fell 0.46% to 7.8502.

The US Dollar Index Futures was up 0.47% at 97.19.

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