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China shares mixed at close of trade; Shanghai Composite up 0.05%

Published 06/06/2018, 05:35 pm
Updated 06/06/2018, 05:35 pm
© Reuters.  China shares mixed at close of trade; Shanghai Composite up 0.05%

Investing.com – China equities were mixed at the close on Wednesday, as gains in the Travel & Leisure, Oil Equipment Services & Distribution and Media sectors propelled shares higher while losses in the Real Estate Investments & Services, Life Insurance and Banking sectors led shares lower.

At the close in Shanghai, the Shanghai Composite gained 0.05%, while the SZSE Component index fell 0.20%.

The biggest gainers of the session on the Shanghai Composite were Hangzhou Advance Gearbox Group Co Ltd (SS:601177), which rose 10.04% or 0.700 points to trade at 7.670 at the close. Wuxi New Hongtai Electrical Technology Co Ltd (SS:603016) added 10.03% or 1.990 points to end at 21.840 and Duzhe Publishing & Media Co Ltd (SS:603999) was up 10.01% or 0.720 points to 7.910 in late trade.

Biggest losers included Bright Real Estate Group Co Ltd (SS:600708), which lost 25.34% or 1.68 points to trade at 4.95 in late trade. Jien Nickel (SS:600432) declined 10.05% or 0.400 points to end at 3.580 and Shenji Group Kunming Machine Tool Co Ltd (SS:600806) shed 9.97% or 0.380 points to 3.430.

The top performers on the SZSE Component were Ningbo Xinhai Electric Co Ltd (SZ:002120) which rose 10.00% to 60.39, Taiya Shoes Co Ltd (SZ:002517) which was up 9.98% to settle at 13.89 and Hangzhou Tigermed Consulting (SZ:300347) which gained 8.16% to close at 60.60.

The worst performers were Beijing Baofeng Technology Co Ltd (SZ:300431) which was down 10.00% to 18.99 in late trade, Shenzhen Tatfook Tech (SZ:300134) which lost 9.99% to settle at 10.72 and Sungrow Power Supply Co Ltd (SZ:300274) which was down 7.70% to 10.43 at the close.

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Advancing stocks outnumbered falling ones by 686 to 628 and 68 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 19.29 a new 3-month low.

In commodities trading, Gold Futures for August delivery was down 0.01% or 0.10 to $1302.10 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.21% or 0.14 to hit $65.66 a barrel, while the August Brent oil contract rose 0.60% or 0.45 to trade at $75.83 a barrel.

USD/CNY was down 0.22% to 6.3915, while EUR/CNY rose 0.09% to 7.5140.

The US Dollar Index Futures was down 0.20% at 93.66.

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