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China shares higher at close of trade; Shanghai Composite up 0.56%

Published 11/04/2018, 05:35 pm
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.56%
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Investing.com – China equities were higher at the close on Wednesday, as gains in the Oil Equipment Services & Distribution, Real Estate Investments & Services and Banking sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.56%, while the SZSE Component index gained 0.40%.

The biggest gainers of the session on the Shanghai Composite were Baosheng (SS:600973), which rose 10.09% or 0.460 points to trade at 5.020 at the close. Xinjiang Youhao Group Co Ltd (SS:600778) added 10.06% or 0.510 points to end at 5.580 and China Science Publishing & Media Ltd (SS:601858) was up 10.03% or 1.03 points to 11.30 in late trade.

Biggest losers included Lanpec Technologies Ltd (SS:601798), which lost 5.97% or 0.500 points to trade at 7.880 in late trade. Xinjiang Winka Times Department Store Co Ltd (SS:603101) declined 5.97% or 0.840 points to end at 13.230 and DELIXI XINJIANG Transportation Co Ltd (SS:603032) shed 5.42% or 1.93 points to 33.70.

The top performers on the SZSE Component were Shandong Humon Smelting Co Ltd (SZ:002237) which rose 10.04% to 11.84, Muyuan Foodstuff Co Ltd (SZ:002714) which was up 9.06% to settle at 51.26 and Zhejiang Jinlei Refractories Co Ltd (SZ:002624) which gained 6.81% to close at 34.99.

The worst performers were Tangshan Jidong Cement Co Ltd (SZ:000401) which was down 5.35% to 12.91 in late trade, Wuhu Shunrong Auto Parts Co Ltd (SZ:002555) which lost 5.01% to settle at 15.18 and Beijing BDStar Navigation Co Ltd (SZ:002151) which was down 4.32% to 32.80 at the close.

Advancing stocks outnumbered falling ones by 891 to 418 and 61 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.33% to 26.44.

In commodities trading, Gold Futures for June delivery was up 0.20% or 2.70 to $1348.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.31% or 0.20 to hit $65.31 a barrel, while the June Brent oil contract fell 0.34% or 0.24 to trade at $70.80 a barrel.

USD/CNY was down 0.07% to 6.2795, while EUR/CNY rose 0.19% to 7.7781.

The US Dollar Index Futures was down 0.18% at 89.16.

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