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China stocks higher at close of trade

China stocks were higher after the close on Thursday, as gains in the Telecoms, Mobile and Software & Computer Services sectors led shares higher.

At the close in Shanghai, the Shanghai Composite gained 1.36%, while the SZSE Component index gained 1.18%.

The best performers of the session on the Shanghai Composite were China Hi-Tech Group Co Ltd (SS:600730), which rose 10.08% or 0.52 points to trade at 5.68 at the close. Meanwhile, Shanghai Shibei Hi-Tech Co Ltd A (SS:600604) added 10.04% or 0.76 points to end at 8.33 and Tengda Construction Group Co Ltd (SS:600512) was up 10.04% or 0.240 points to 2.630 in late trade.

The worst performers of the session were Nanjing Chixia Development Co Ltd (SS:600533), which fell 5.21% or 0.190 points to trade at 3.460 at the close. Harbin Gong Da High-Tech Enterprise Development Co Ltd (SS:600701) declined 5.11% or 0.160 points to end at 2.970 and Shanghai Zhongyida Co Ltd B (SS:900906) was down 5.11% or 0.007 points to 0.130.

The top performers on the SZSE Component were China Baoan Group Co Ltd (SZ:000009) which rose 10.09% to 5.02, GuangDong Huasheng Electrical Appliances Co Ltd (SZ:002670) which was up 10.05% to settle at 10.29 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which gained 10.04% to close at 6.14.

The worst performers were Jiangsu Kangde Xin Composite Material Co Ltd (SZ:002450) which was down 10.01% to 12.40 in late trade, Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which lost 9.95% to settle at 9.95 and Jiangsu Nhwa Pharmaceutical Co Ltd (SZ:002262) which was down 5.44% to 12.70 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 1287 to 147 and 39 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.62.

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