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China shares higher at close of trade; Shanghai Composite up 0.75%

Published 05/06/2018, 05:35 pm
© Reuters.  China shares higher at close of trade; Shanghai Composite up 0.75%

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

At the close in Shanghai, the Shanghai Composite added 0.75%, while the SZSE Component index gained 1.78%.

The biggest gainers of the session on the Shanghai Composite were Guodian Nanjing Automation Co Ltd (SS:600268), which rose 10.11% or 0.450 points to trade at 4.900 at the close. Neusoft Corp (SS:600718) added 10.04% or 1.310 points to end at 14.360 and Zhejiang XinAn Chemical Industrial Group Co Ltd (SS:600596) was up 10.03% or 1.630 points to 17.880 in late trade.

Biggest losers included Xian LONGi Silicon Materials Corp (SS:601012), which lost 9.99% or 2.010 points to trade at 18.110 in late trade. Tongwei Co Ltd (SS:600438) declined 9.97% or 0.940 points to end at 8.490 and Jien Nickel (SS:600432) shed 9.95% or 0.440 points to 3.980.

The top performers on the SZSE Component were Zhejiang Crystal Optech Co Ltd (SZ:002273) which rose 10.02% to 15.81, Beijing Easpring Material Tech (SZ:300073) which was up 10.01% to settle at 29.78 and Beijing Thunisoft Co Ltd (SZ:300271) which gained 10.00% to close at 17.60.

The worst performers were China High-Speed Railway Technology (SZ:000008) which was down 10.05% to 5.01 in late trade, Sungrow Power Supply Co Ltd (SZ:300274) which lost 10.03% to settle at 11.30 and Goldleaf Jewelry Co Ltd (SZ:000587) which was down 10.00% to 6.12 at the close.

Advancing stocks outnumbered falling ones by 1182 to 157 and 43 ended unchanged on the Shanghai Stock Exchange.

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The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 19.83.

In commodities trading, Gold Futures for August delivery was down 0.15% or 1.90 to $1295.40 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.73% or 0.47 to hit $65.22 a barrel, while the August Brent oil contract rose 0.44% or 0.33 to trade at $75.62 a barrel.

USD/CNY was down 0.03% to 6.4071, while EUR/CNY fell 0.11% to 7.4893.

The US Dollar Index Futures was up 0.04% at 94.06.

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