Investing.com – China stocks were higher after the close on Friday, as gains in the Telecoms, Mobile and Software & Computer Services sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 4.90%, while the SZSE Component index gained 5.32%.
The best performers of the session on the Shanghai Composite were Shandong Iron (SS:600022), which rose 10.11% or 0.370 points to trade at 4.030 at the close. Meanwhile, Lingyuan Steel (SS:600231) added 10.10% or 0.500 points to end at 5.450 and Jlec (SS:601518) was up 10.09% or 0.450 points to 4.910 in late trade.
The worst performers of the session were Sc Langsha (SS:600137), which fell 10.01% or 3.200 points to trade at 28.760 at the close. Rongtai (SS:600589) declined 9.98% or 1.080 points to end at 9.740 and Jinrui Mineral (SS:600714) was down 5.57% or 0.710 points to 12.030.
The top performers on the SZSE Component were Xinjiang Tianshan Cement Co Ltd (SZ:000877) which rose 10.06% to 9.08, Huatian Hotel Group Co Ltd (SZ:000428) which was up 10.06% to settle at 7.00 and Dalian Huarui Heavy Industry Group Co Ltd (SZ:002204) which gained 10.05% to close at 8.32.
The worst performers were Guangdong Alpha Animation and Culture Co Ltd (SZ:002292) which was down 9.99% to 34.07 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which unchanged 0.00% to settle at 26.90 and Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which was unchanged 0.00% to 52.88 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 931 to 12.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 11.31% to 41.80.
Gold for December delivery was up 0.69% or 7.80 to $1130.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.82% or 0.35 to hit $42.91 a barrel, while the October Brent oil contract rose 0.55% or 0.26 to trade at $47.82 a barrel.
USD/CNY was down 0.19% to 6.3929, while EUR/CNY rose 0.20% to 7.2149.
The US Dollar Index was down 0.23% at 95.52.