China shares higher at close of trade; Shanghai Composite up 2.57%

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China shares higher at close of trade; Shanghai Composite up 2.57%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Monday, as gains in the Technology Hardware & Equipment , Technology and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 2.57%, while the SZSE Component index gained 3.34%.

The biggest gainers of the session on the Shanghai Composite were Sundy Land Investment Co Ltd (SS: 600077 ), which rose 10.11% or 0.270 points to trade at 2.940 at the close. Eastern Communications Co Ltd A (SS: 600776 ) added 10.09% or 0.570 points to end at 6.220 and Korla Pear (SS: 600506 ) was up 10.05% or 0.950 points to 10.400 in late trade.

Biggest losers included Zhejiang Langdi Group Co Ltd (SS: 603726 ), which lost 5.03% or 1.600 points to trade at 30.200 in late trade. Ginwa Enterprise Group Inc (SS: 600080 ) declined 3.61% or 0.380 points to end at 10.150 and Future Land Holdings Co Ltd (SS: 601155 ) shed 2.19% or 0.600 points to 26.760.

The top performers on the SZSE Component were Suzhou Dongshan Precision Manufacturing Co Ltd (SZ: 002384 ) which rose 10.03% to 12.61, Jiangsu Jiujiujiu Technology Co Ltd (SZ: 002411 ) which was up 10.03% to settle at 20.19 and Beihai Yinhe Industry Investment Co Ltd (SZ: 000806 ) which gained 10.02% to close at 4.94.

The worst performers were Beijing Watertek Information Technology Co Ltd (SZ: 300324 ) which was down 5.72% to 7.25 in late trade, BYD Co Ltd Class A (SZ: 002594 ) which lost 1.61% to settle at 56.08 and Fujian Sunner Development Co Ltd (SZ: 002299 ) which was down 1.56% to 17.03 at the close.

Advancing stocks outnumbered falling ones by 1456 to 16 and 4 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 28.11.

In commodities trading, Gold Futures for February delivery was up 0.81% or 9.90 to $1235.90 a troy ounce. Meanwhile, Crude oil for delivery in January rose 4.67% or 2.38 to hit $53.31 a barrel, while the February Brent oil contract rose 4.37% or 2.60 to trade at $62.06 a barrel.

USD/CNY was down 1.00% to 6.8894, while EUR/CNY fell 0.51% to 7.8382.

The US Dollar Index Futures was down 0.50% at 96.708.

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