China shares higher at close of trade; Shanghai Composite up 1.30%

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China shares higher at close of trade; Shanghai Composite up 1.30% – China equities were higher at the close on Friday, as gains in the Software & Computer Services , Technology and Technology Hardware & Equipment sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.30% to hit a new 1-month high, while the SZSE Component index gained 2.74%.

The biggest gainers of the session on the Shanghai Composite were EGing Photovoltaic Technology Co Ltd (SS: 600537 ), which rose 10.17% or 0.300 points to trade at 3.250 at the close. Beijing Jingyuntong Technology Co Ltd (SS: 601908 ) added 10.06% or 0.330 points to end at 3.610 and Jiangsu Changjiang Electronics Technology Co Ltd (SS: 600584 ) was up 10.01% or 0.890 points to 9.780 in late trade.

Biggest losers included Baocheng Inves (SS: 600892 ), which lost 10.01% or 0.710 points to trade at 6.380 in late trade. Y.U.D. Yangtze River Investment Industry Co Ltd (SS: 600119 ) declined 9.93% or 0.600 points to end at 5.440 and Anhui Quanchai Engine Co Ltd (SS: 600218 ) shed 8.35% or 0.680 points to 7.460.

The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ: 002681 ) which rose 10.12% to 3.81, Zhejiang Dahua Technology Co Ltd (SZ: 002236 ) which was up 10.03% to settle at 13.60 and Shanghai Ganglian E Commerce (SZ: 300226 ) which gained 10.00% to close at 54.14.

The worst performers were Dalian Zeus Entertainment (SZ: 002354 ) which was down 6.81% to 3.97 in late trade, Jiangxi Special Electric Motor Co Ltd (SZ: 002176 ) which lost 6.00% to settle at 4.70 and Beijing Kunlun Tech Co Ltd (SZ: 300418 ) which was down 5.96% to 11.99 at the close.

Advancing stocks outnumbered falling ones by 1406 to 69 and 8 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 21.43.

In commodities trading, Gold Futures for April delivery was down 0.27% or 3.55 to $1321.65 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.15% or 0.08 to hit $53.87 a barrel, while the April Brent oil contract rose 0.30% or 0.18 to trade at $61.02 a barrel.

USD/CNY was up 0.64% to 6.7389, while EUR/CNY rose 0.58% to 7.7086.

The US Dollar Index Futures was up 0.05% at 95.352.

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