China shares higher at close of trade; Shanghai Composite up 1.42%

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China shares higher at close of trade; Shanghai Composite up 1.42%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Friday, as gains in the Oil Equipment Services & Distribution , Life Insurance and Banking sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.42% to hit a new 1-month high, while the SZSE Component index added 1.49%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Hongda Mining Co Ltd (SS: 600532 ), which rose 10.10% or 0.410 points to trade at 4.470 at the close. Hongda (SS: 600331 ) added 10.04% or 0.240 points to end at 2.630 and Jiangsu Changjiang Electronics Technology Co Ltd (SS: 600584 ) was up 10.02% or 0.830 points to 9.110 in late trade.

Biggest losers included Pengqi Technology Development Co Ltd A (SS: 600614 ), which lost 10.03% or 0.680 points to trade at 6.100 in late trade. Pengqi Technology Development Co Ltd B (SS: 900907 ) declined 8.87% or 0.043 points to end at 0.442 and Shanghai No1 Pharmacy Co Ltd (SS: 600833 ) shed 7.54% or 0.870 points to 10.670.

The top performers on the SZSE Component were Jiaozuo Wanfang Aluminum (SZ: 000612 ) which rose 10.10% to 4.47, Jiangsu Nhwa Pharmaceutical Co Ltd (SZ: 002262 ) which was up 10.03% to settle at 9.65 and Muyuan Foodstuff Co Ltd (SZ: 002714 ) which gained 10.00% to close at 32.79.

The worst performers were Hunan TV & Broadcast Intermediary Co Ltd (SZ: 000917 ) which was down 7.62% to 6.91 in late trade, Yinji Entertainment Media Co Ltd (SZ: 002143 ) which lost 6.67% to settle at 3.36 and Goldleaf Jewelry Co Ltd (SZ: 000587 ) which was down 6.17% to 3.04 at the close.

Advancing stocks outnumbered falling ones by 1086 to 337 and 58 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 21.74.

In commodities trading, Gold Futures for February delivery was down 0.14% or 1.75 to $1290.55 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.04% or 0.54 to hit $52.61 a barrel, while the March Brent oil contract rose 0.93% or 0.57 to trade at $61.75 a barrel.

USD/CNY was down 0.05% to 6.7700, while EUR/CNY fell 0.01% to 7.7165.

The US Dollar Index Futures was up 0.00% at 95.715.

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