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China stocks higher at close of trade

China stocks were higher after the close on Wednesday, as gains in the Oil Equipment Services & Distribution, Real Estate Investments & Services and Electricity sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 0.31%, while the SZSE Component index added 0.16%.

The best performers of the session on the Shanghai Composite were Jiangsu Sunrain Solar Energy Co Ltd (SS:603366), which rose 10.09% or 0.440 points to trade at 4.800 at the close. Meanwhile, Aurora Optoelectronics Co Ltd (SS:600666) added 9.88% or 0.330 points to end at 3.670 and Ningbo Jifeng Auto Parts Co Ltd (SS:603997) was up 7.32% or 0.57 points to 8.36 in late trade.

The worst performers of the session were Zhejiang Langdi Group Co Ltd (SS:603726), which fell 9.17% or 2.080 points to trade at 20.600 at the close. Eastern Communications Co Ltd A (SS:600776) declined 7.01% or 0.540 points to end at 7.160 and Nanjing Panda Electronics Co Ltd (SS:600775) was down 6.02% or 0.40 points to 6.24.

The top performers on the SZSE Component were Zhejiang Longsheng Auto Parts Co Ltd (SZ:002625) which rose 10.05% to 9.64, Jiangxi Special Electric Motor Co Ltd (SZ:002176) which was up 9.98% to settle at 6.83 and EVE Energy (SZ:300014) which gained 6.41% to close at 16.60.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 715 to 618 and 144 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.59% to 27.27.

Gold Futures for February delivery was down 0.04% or 0.50 to $1247.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.52% or 0.27 to hit $52.22 a barrel, while the February Brent oil contract rose 1.05% or 0.63 to trade at $60.83 a barrel.

USD/CNY was down 0.18% to 6.8872, while EUR/CNY fell 0.14% to 7.7995.

The US Dollar Index Futures was up 0.04% at 97.393.

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