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China shares higher at close of trade; Shanghai Composite up 1.11%

Published 20/08/2018, 05:35 pm
Updated 20/08/2018, 05:35 pm
© Reuters.  China shares higher at close of trade; Shanghai Composite up 1.11%

Investing.com – China equities were higher at the close on Monday, as gains in the Telecoms, Mobile and Software & Computer Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.11%, while the SZSE Component index climbed 0.68%.

The biggest gainers of the session on the Shanghai Composite were Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd (SS:600379), which rose 10.06% or 0.690 points to trade at 7.550 at the close. Shanghai Shibei Hi-Tech Co Ltd A (SS:600604) added 10.04% or 0.46 points to end at 5.04 and China Sports Industry Group Co Ltd (SS:600158) was up 10.04% or 0.820 points to 8.990 in late trade.

Biggest losers included Beihai Gofar Marine Biological Industry Co Ltd (SS:600538), which lost 10.05% or 0.440 points to trade at 3.940 in late trade. Gangtai Holdin (SS:600687) declined 10.01% or 0.910 points to end at 8.180 and Sichuan Swellfun Co Ltd (SS:600779) shed 10.01% or 4.720 points to 42.450.

The top performers on the SZSE Component were Thunder Software Technology Co Ltd (SZ:300496) which rose 9.99% to 28.85, Sinodata Co Ltd (SZ:002657) which was up 9.98% to settle at 15.10 and Cangzhou Mingzhu Plastic Co Ltd (SZ:002108) which gained 9.98% to close at 4.96.

The worst performers were Zhejiang Kaishan Compressor (SZ:300257) which was down 10.02% to 11.68 in late trade, Beijing Sanju Environmental (SZ:300072) which lost 10.01% to settle at 13.58 and Tianma Microelectronics Co Ltd (SZ:000050) which was down 9.96% to 11.48 at the close.

Advancing stocks outnumbered falling ones by 868 to 494 and 78 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 up 3.77% to 25.34.

In commodities trading, Gold Futures for December delivery was up 0.79% or 9.30 to $1193.50 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.15% or 0.10 to hit $65.11 a barrel, while the October Brent oil contract unchanged 0.00% or 0.00 to trade at $71.83 a barrel.

USD/CNY was up 0.02% to 6.8789, while EUR/CNY fell 0.50% to 7.8292.

The US Dollar Index Futures was up 0.16% at 96.15.

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