China shares higher at close of trade; Shanghai Composite up 2.04%

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China shares higher at close of trade; Shanghai Composite up 2.04%
Credit: © Reuters.

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

At the close in Shanghai, the Shanghai Composite gained 2.04%, while the SZSE Component index climbed 1.12%.

The biggest gainers of the session on the Shanghai Composite were Shandong Huapeng Glass Co Ltd (SS: 603021 ), which rose 10.06% or 0.710 points to trade at 7.770 at the close. Start Group (SS: 600734 ) added 10.06% or 0.670 points to end at 7.330 and Jiangsu Wujiang Rural Commercial Bank Co Ltd (SS: 603323 ) was up 10.03% or 0.580 points to 6.360 in late trade.

Biggest losers included Hainan Airlines Co Ltd B (SS: 900945 ), which lost 10.04% or 0.054 points to trade at 0.484 in late trade. Hainan Airlines Co Ltd A (SS: 600221 ) declined 9.91% or 0.320 points to end at 2.910 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS: 600165 ) shed 8.68% or 0.550 points to 5.790.

The top performers on the SZSE Component were Shanghai 2345 Network Holding Group (SZ: 002195 ) which rose 10.10% to 4.47, Sainty Marine Corp Ltd (SZ: 002608 ) which was up 10.07% to settle at 7.87 and Jiangsu Jiangyin Rural Commercial Bank Co Ltd (SZ: 002807 ) which gained 10.06% to close at 5.91.

The worst performers were CCOOP Group Co Ltd (SZ: 000564 ) which was down 10.06% to 4.29 in late trade, Huawen Media Investment Corp (SZ: 000793 ) which lost 9.98% to settle at 4.96 and Guizhou Xinbang Pharmaceutical Co Ltd (SZ: 002390 ) which was down 4.91% to 6.78 at the close.

Advancing stocks outnumbered falling ones by 1172 to 210 and 38 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 22.66.

In commodities trading, Gold Futures for August delivery was down 0.07% or 0.90 to $1223.10 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.47% or 0.32 to hit $68.56 a barrel, while the September Brent oil contract rose 0.73% or 0.53 to trade at $73.11 a barrel.

USD/CNY was up 0.04% to 6.7771, while EUR/CNY rose 0.03% to 7.8891.

The US Dollar Index Futures was down 0.01% at 94.97.

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