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China shares higher at close of trade; Shanghai Composite up 0.71%

Published 09/01/2019, 06:35 pm
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.71%
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Investing.com – China equities were higher at the close on Wednesday, as gains in the Life Insurance, Travel & Leisure and Retailers sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite added 0.71%, while the SZSE Component index gained 0.76%.

The biggest gainers of the session on the Shanghai Composite were Jinzhou Port Co Ltd A (SS:600190), which rose 10.13% or 0.310 points to trade at 3.370 at the close. Lifan Industry Group Co Ltd (SS:601777) added 10.10% or 0.400 points to end at 4.360 and Shenyang Jinbei Automotive Co Ltd (SS:600609) was up 10.06% or 0.320 points to 3.500 in late trade.

Biggest losers included Pengqi Technology Development Co Ltd B (SS:900907), which lost 8.06% or 0.040 points to trade at 0.456 in late trade. P2P Financial Information Service Co Ltd (SS:600696) declined 4.81% or 0.270 points to end at 5.340 and Shanghai Prosolar Resources Development Co Ltd (SS:600193) shed 4.58% or 0.170 points to 3.540.

The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ:002681) which rose 10.10% to 4.58, Guangdong Eastone Century Technology Co Ltd (SZ:300310) which was up 10.04% to settle at 5.48 and Huangshan Jinma Co Ltd (SZ:000980) which gained 10.04% to close at 4.93.

The worst performers were EVE Energy (SZ:300014) which was down 5.87% to 16.52 in late trade, Yunnan Chuangxin New Material Co Ltd (SZ:002812) which lost 5.04% to settle at 48.00 and Beijing Easpring Material Tech (SZ:300073) which was down 4.78% to 27.10 at the close.

Advancing stocks outnumbered falling ones by 790 to 588 and 101 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 24.42 a new 1-month low.

In commodities trading, Gold Futures for February delivery was down 0.21% or 2.65 to $1283.25 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.23% or 0.61 to hit $50.39 a barrel, while the March Brent oil contract rose 1.18% or 0.69 to trade at $59.41 a barrel.

USD/CNY was down 0.26% to 6.8351, while EUR/CNY fell 0.03% to 7.8362.

The US Dollar Index Futures was down 0.13% at 95.352.

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