China shares higher at close of trade; Shanghai Composite up 1.24%

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China shares higher at close of trade; Shanghai Composite up 1.24% – China equities were higher at the close on Thursday, as gains in the Real Estate Investments & Services , Financials and Telecoms sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 1.24%, while the SZSE Component index added 1.18%.

The biggest gainers of the session on the Shanghai Composite were Zhejiang Haiyue Co Ltd (SS: 600387 ), which rose 10.05% or 0.840 points to trade at 9.200 at the close. Hubei Zhenhua Chemical Co Ltd (SS: 603067 ) added 10.04% or 1.200 points to end at 13.150 and Qingdao Huijintong Power Equipment Co Ltd (SS: 603577 ) was up 10.01% or 1.170 points to 12.860 in late trade.

Biggest losers included Zhejiang Three Stars New Materials Co Ltd (SS: 603578 ), which lost 9.99% or 3.99 points to trade at 35.95 in late trade. Sanan Optoelectronics Co Ltd (SS: 600703 ) declined 5.92% or 1.460 points to end at 23.190 and Sinomach Automobile Co Ltd (SS: 600335 ) shed 5.43% or 0.640 points to 11.140.

The top performers on the SZSE Component were Thaihot Group Co Ltd (SZ: 000732 ) which rose 10.02% to 28.45, China Vanke Co Ltd Class A (SZ: 000002 ) which was up 9.03% to settle at 34.16 and Luxi Chemical Group Co Ltd (SZ: 000830 ) which gained 8.28% to close at 17.52.

The worst performers were HC Semitek Corp (SZ: 300323 ) which was down 7.20% to 18.30 in late trade, Zhejiang Hexin Industry Group Co Ltd (SZ: 002343 ) which lost 5.00% to settle at 39.10 and Hangzhou Tigermed Consulting (SZ: 300347 ) which was down 4.70% to 50.90 at the close.

Advancing stocks outnumbered falling ones by 1106 to 230 and 28 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was up 5.89% to 30.39.

In commodities trading, Gold Futures for April delivery was up 0.01% or 0.10 to $1324.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.36% or 0.23 to hit $64.61 a barrel, while the June Brent oil contract rose 0.12% or 0.08 to trade at $68.84 a barrel.

USD/CNY was down 0.11% to 6.2910, while EUR/CNY fell 0.06% to 7.7470.

The US Dollar Index Futures was down 0.06% at 89.71.

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