China stocks higher at close of trade; Shanghai Composite up 4.57%
Investing.com – China stocks were higher after the close on Friday, as gains in theTelecoms, Mobile and Electricity sectors led shares higher.
At the close in Shanghai, the Shanghai Composite added 4.57%, while theSZSE Component index added 4.58%.
The best performers of the session on the Shanghai Composite were Meiyan Jixiang(SS:600868), which rose 10.14% or 0.370 points to trade at 4.020 at the close. Meanwhile, Bj North Star (SS:601588) added 10.10% or 0.530 points to end at 5.780 andMengdian (SS:600863) was up 10.10% or 0.490 points to 5.340 in late trade.
The worst performers of the session were Cheng Cheng (SS:600247), which fell 2.89% or 0.520 points to trade at 17.500 at the close. Minsheng Bank (SS:600016) declined 1.61% or 0.170 points to end at 10.420 and Bank Of China SS (SS:601988) was down 1.07% or 0.060 points to 5.540.
The top performers on the SZSE Component were Hainan Expressway Co Ltd (SZ:000886) which rose 10.10% to 5.45, Huatian Hotel Group Co Ltd (SZ:000428) which was up 10.08% to settle at 7.21 and Jinke Property Group Co Ltd (SZ:000656) which gained 10.07% to close at 6.67.
The worst performers were Accelink Technologies Co Ltd (SZ:002281) which was unchanged 0% to 33.87 in late trade, Anhui Deli Household Glass Co Ltd (SZ:002571) which unchanged 0% to settle at 18.46 and Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which was unchanged 0% to 40.82 at the close.
Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 715 to 7.
Shares in Anhui Deli Household Glass Co Ltd (SZ:002571) unchanged to 52-week highs; unchanged 0% or 0 to 18.46.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.67% to 42.75.
Gold for August delivery was up 0.22% or 2.60 to $1161.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.70% or 0.90 to hit $53.67 a barrel, while the August Brent oil contract rose 1.54% or 0.90 to trade at $59.51 a barrel.
USD/CNY was up 0.00% to 6.2091, while EUR/CNY rose 0.72% to 6.9031.
The US Dollar Index was down 0.47% at 96.21.