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

Published 2019/01/18, 09:35
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.42%
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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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