China stocks mixed at close of trade; Shanghai Composite up 0.26%
Investing.com – China stocks were mixed after the close on Friday, as gains in the Life Insurance, Telecoms and Mobile sectors led shares higher while losses in the Software & Computer Services, Gas, Water & Multiutilities and Oil Equipment Services & Distribution sectors led shares lower.
The best performers of the session on the Shanghai Composite were Ganso Co Ltd (SS:603886), which rose 10.00% or 2.130 points to trade at 23.420 at the close. Meanwhile, Kweichow Moutai Co Ltd (SS:600519) added 7.17% or 43.41 points to end at 648.50 and Jiangquan Ind (SS:600212) was up 6.65% or 0.720 points to 11.550 in late trade.
The worst performers of the session were Suzhou Keda Technology Co Ltd (SS:603660), which fell 10.00% or 4.560 points to trade at 41.060 at the close. Jiangsu Yueda Investment Co Ltd (SS:600805) declined 7.30% or 0.560 points to end at 7.110 and Huaxin Cement (SS:600801) was down 7.13% or 1.070 points to 13.940.
The top performers on the SZSE Component were Shenzhen Coship Electronics Co Ltd (SZ:002052) which rose 10.00% to 7.48, Beijing SL Pharmaceutical Co Ltd (SZ:002038) which was up 7.33% to settle at 31.79 and Shaanxi Ligeance Mineral Resources Co Ltd (SZ:000697) which gained 5.79% to close at 27.77.
The worst performers were Suzhou Victory Precision Manufacture Co Ltd (SZ:002426) which was down 9.80% to 6.90 in late trade, Yinji Entertainment Media Co Ltd (SZ:002143) which lost 8.56% to settle at 14.20 and Beijing Zhong Ke San Huan High-Tech Co Ltd (SZ:000970) which was down 6.00% to 16.62 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 903 to 393 and 35 ended unchanged.
Shares in Kweichow Moutai Co Ltd (SS:600519) rose to all time highs; rising 7.17% or 43.41 to 648.50. Shares in Suzhou Victory Precision Manufacture Co Ltd (SZ:002426) fell to 52-week lows; down 9.80% or 0.75 to 6.90. Shares in Beijing SL Pharmaceutical Co Ltd (SZ:002038) rose to 52-week highs; rising 7.33% or 2.17 to 31.79. Shares in Yinji Entertainment Media Co Ltd (SZ:002143) fell to 52-week lows; down 8.56% or 1.33 to 14.20.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.27% to 19.33.
Gold Futures for December delivery was down 0.22% or 2.80 to $1266.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.09% or 0.05 to hit $52.59 a barrel, while the December Brent oil contract fell 0.05% or 0.03 to trade at $59.27 a barrel.
USD/CNY was up 0.16% to 6.6535, while EUR/CNY fell 0.02% to 7.7389.
The US Dollar Index Futures was up 0.27% at 94.81.
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