China stocks higher at close of trade; Shanghai Composite up 0.80%

China stocks higher at close of trade; Shanghai Composite up 0.80%

May 08, 2018

Investing.com – China stocks were higher after the close on Tuesday, as gains in the Life Insurance, Real Estate Investments&Services and Financials sectors led shares higher.

At the close in Shanghai, the Shanghai Composite added 0.80%, while the SZSE Component index added 0.77%.

The best performers of the session on the Shanghai Composite were Kunshan Kersen Science&Technology Co Ltd (SS:603626), which rose 10.03% or 1.70 points to trade at 18.65 at the close. Meanwhile, Qingdao Tianhua Institute Chemistry Engineering Co Ltd (SS:600579) added 10.03% or 0.92 points to end at 10.09 and Suzhou Xingye Materials Technology Co Ltd (SS:603928) was up 10.02% or 1.610 points to 17.680 in late trade.

The worst performers of the session were Aurora Optoelectronics Co Ltd (SS:600666), which fell 10.01% or 1.410 points to trade at 12.680 at the close. Jiangsu Lugang Culture Co Ltd (SS:601599) declined 9.92% or 0.64 points to end at 5.81 and JDM JingDa Machine Ningbo Co Ltd (SS:603088) was down 6.07% or 1.81 points to 28.00.

The top performers on the SZSE Component were Lens Technology Co Ltd (SZ:300433) which rose 10.02% to 23.16, Shijiazhuang Changshan Textile Co Ltd (SZ:000158) which was up 10.01% to settle at 8.46 and Dongguan Souyute Fashion Co Ltd (SZ:002503) which gained 7.23% to close at 4.45.

The worst performers were Cefc Anhui International Holding Co Ltd (SZ:002018) which was down 5.07% to 3.37 in late trade, Chongqing Zhifei Bio Products (SZ:300122) which lost 4.27% to settle at 43.08 and Sichuan Kelun Pharmaceutical Co Ltd (SZ:002422) which was down 3.60% to 34.50 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 953 to 327 and 83 ended unchanged.

Shares in Aurora Optoelectronics Co Ltd (SS:600666) fell to 3-years lows; down 10.01% or 1.410 to 12.680. Shares in Cefc Anhui International Holding Co Ltd (SZ:002018) fell to 5-year lows; losing 5.07% or 0.18 to 3.37.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.57% to 22.70.

Gold Futures for June delivery was down 0.03% or 0.40 to $1313.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.03% or 0.73 to hit $70.00 a barrel, while the July Brent oil contract fell 0.88% or 0.67 to trade at $75.50 a barrel.

USD/CNY was up 0.02% to 6.3678, while EUR/CNY fell 0.11% to 7.5827.

The US Dollar Index Futures was up 0.12% at 92.72.

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