China stocks higher at close of trade; Shanghai Composite up 1.35%

Investing.com

Published Oct 31, 2018 03:35AM ET

China stocks higher at close of trade; Shanghai Composite up 1.35%

Investing.com – China stocks were higher after the close on Wednesday, as gains in the Travel & Leisure, Media and Gas, Water & Multiutilities sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 1.35%, while the SZSE Component index climbed 1.46%.

The best performers of the session on the Shanghai Composite were Routon Electronic Co Ltd (SS:600355), which rose 10.15% or 0.330 points to trade at 3.580 at the close. Meanwhile, Sichuan Em Technology Co Ltd (SS:601208) added 10.12% or 0.340 points to end at 3.700 and Changchun Sinoenergy Corp (SS:600856) was up 10.12% or 0.420 points to 4.570 in late trade.

The worst performers of the session were Zhejiang Shenghua Biok Biology Co Ltd (SS:600226), which fell 10.09% or 0.460 points to trade at 4.100 at the close. Zhejiang Qianjiang Biochemical Co Ltd (SS:600796) declined 10.03% or 0.610 points to end at 5.470 and Anhui Andeli Department Store Co Ltd (SS:603031) was down 9.99% or 1.580 points to 14.240.

The top performers on the SZSE Component were Jiuzhitang Co Ltd (SZ:000989) which rose 10.03% to 10.20, China Minmetals Rare Earth Co Ltd (SZ:000831) which was up 10.03% to settle at 9.87 and Sichuan Danfu Compressor Co Ltd (SZ:002366) which gained 9.95% to close at 8.40.

The worst performers were Guangdong Homa Appliances Co Ltd (SZ:002668) which was down 9.99% to 9.55 in late trade, Sealand Securities Co Ltd (SZ:000750) which lost 3.47% to settle at 4.73 and Guoyuan Securities Co Ltd (SZ:000728) which was down 3.10% to 7.20 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1255 to 174 and 37 ended unchanged.

Shares in Zhejiang Shenghua Biok Biology Co Ltd (SS:600226) fell to 52-week lows; down 10.09% or 0.460 to 4.100. Shares in Zhejiang Qianjiang Biochemical Co Ltd (SS:600796) fell to 3-years lows; losing 10.03% or 0.610 to 5.470. Shares in Guangdong Homa Appliances Co Ltd (SZ:002668) fell to 3-years lows; falling 9.99% or 1.06 to 9.55.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 6.10% to 31.27.

Gold Futures for December delivery was down 0.30% or 3.70 to $1218.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.91% or 0.60 to hit $66.78 a barrel, while the January Brent oil contract rose 1.28% or 0.97 to trade at $76.88 a barrel.

USD/CNY was up 0.02% to 6.9689, while EUR/CNY rose 0.08% to 7.9108.

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The US Dollar Index Futures was down 0.03% at 96.76.

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