China shares higher at close of trade; Shanghai Composite up 2.70%

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China shares higher at close of trade; Shanghai Composite up 2.70%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Friday, as gains in the Travel & Leisure , Technology Hardware & Equipment and Technology sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 2.70%, while the SZSE Component index gained 3.96%.

The biggest gainers of the session on the Shanghai Composite were Yaxing Chem (SS: 600319 ), which rose 10.10% or 0.410 points to trade at 4.470 at the close. Chunghsin Technology Group Co Ltd (SS: 603996 ) added 10.05% or 0.860 points to end at 9.420 and Neusoft Corp (SS: 600718 ) was up 10.05% or 0.990 points to 10.840 in late trade.

Biggest losers included Zhejiang Shenghua Biok Biology Co Ltd (SS: 600226 ), which lost 10.03% or 0.370 points to trade at 3.320 in late trade. Jiangsu Hongtu High Technology Co Ltd (SS: 600122 ) declined 10.00% or 0.740 points to end at 6.660 and Eastern Gold Jade Co Ltd (SS: 600086 ) shed 9.96% or 1.000 points to 9.040.

The top performers on the SZSE Component were Beijing Baofeng Technology Co Ltd (SZ: 300431 ) which rose 10.04% to 10.30, Zhejiang Sanhua Co Ltd (SZ: 002050 ) which was up 10.04% to settle at 12.49 and Zhejiang Dahua Technology Co Ltd (SZ: 002236 ) which gained 10.04% to close at 13.04.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ: 002147 ) which was down 10.02% to 11.95 in late trade, Guangdong Homa Appliances Co Ltd (SZ: 002668 ) which lost 10.00% to settle at 7.74 and ORG Packaging Co Ltd (SZ: 002701 ) which was down 1.47% to 5.37 at the close.

Advancing stocks outnumbered falling ones by 1424 to 39 and 7 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 29.45.

In commodities trading, Gold Futures for December delivery was up 0.02% or 0.30 to $1236.30 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.44% or 0.28 to hit $63.41 a barrel, while the January Brent oil contract fell 0.22% or 0.16 to trade at $72.73 a barrel.

USD/CNY was down 0.41% to 6.8952, while EUR/CNY fell 0.18% to 7.8843.

The US Dollar Index Futures was down 0.16% at 95.93.

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