China shares higher at close of trade; Shanghai Composite up 1.62%

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China shares higher at close of trade; Shanghai Composite up 1.62%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Tuesday, as gains in the Telecoms , Mobile and Oil Equipment Services & Distribution sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.62% to hit a new 1-month high, while the SZSE Component index climbed 1.63%.

The biggest gainers of the session on the Shanghai Composite were Sichuan Road & Bridge Group Co Ltd (SS: 600039 ), which rose 10.12% or 0.350 points to trade at 3.810 at the close. Chongqing Construction Engineering Group Co Ltd (SS: 600939 ) added 10.10% or 0.53 points to end at 5.78 and Shanghai Pudong Road & Bridge Construction Co Ltd (SS: 600284 ) was up 10.10% or 0.500 points to 5.450 in late trade.

Biggest losers included Shanghai Zhongyida Co Ltd B (SS: 900906 ), which lost 5.13% or 0.006 points to trade at 0.111 in late trade. Shanghai Zhongyida Co Ltd A (SS: 600610 ) declined 4.83% or 0.10 points to end at 1.97 and Huaneng Power International Inc (SS: 600011 ) shed 4.69% or 0.370 points to 7.520.

The top performers on the SZSE Component were Beihai Yinhe Industry Investment Co Ltd (SZ: 000806 ) which rose 10.13% to 4.13, Inner Mongolia Hotision Monsod (SZ: 300355 ) which was up 10.10% to settle at 5.78 and Shenzhen Tagen Group Co Ltd (SZ: 000090 ) which gained 10.07% to close at 6.34.

The worst performers were Shenzhen Kangtai Biological Products Co Ltd (SZ: 300601 ) which was down 10.01% to 52.16 in late trade, Chaozhou Three-circle Group Co Ltd (SZ: 300408 ) which lost 6.18% to settle at 25.36 and Changchun High & New Technology Industries Group Inc (SZ: 000661 ) which was down 4.30% to 205.00 at the close.

Advancing stocks outnumbered falling ones by 1286 to 115 and 20 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 22.94.

In commodities trading, Gold Futures for August delivery was down 0.06% or 0.70 to $1224.90 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.12% or 0.08 to hit $67.81 a barrel, while the September Brent oil contract rose 0.01% or 0.01 to trade at $73.07 a barrel.

USD/CNY was up 0.18% to 6.8050, while EUR/CNY rose 0.23% to 7.9599.

The US Dollar Index Futures was down 0.08% at 94.34.

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