Investing.com – China equities were higher at the close on Friday, as gains in the Telecoms, Mobile and Retailers sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite gained 0.28%, while the SZSE Component index gained 0.38%.
The biggest gainers of the session on the Shanghai Composite were Qingshan Paper (SS:600103), which rose 10.08% or 0.660 points to trade at 7.210 at the close. Dalian Daxian (SS:600747) added 10.06% or 0.660 points to end at 7.220 and Guangan (SS:600979) was up 10.05% or 0.840 points to 9.200 in late trade.
Biggest losers included Tyan Home (SS:600807), which lost 10.00% or 2.130 points to trade at 19.180 in late trade. Ningbo Constru (SS:601789) declined 9.99% or 1.680 points to end at 15.130 and Tianchen Co (SS:600620) shed 5.95% or 1.380 points to 21.800.
The top performers on the SZSE Component were Myhome Real Estate Development Group Co Ltd (SZ:000667) which rose 10.09% to 6.33, Suning Commerce Group Co Ltd (SZ:002024) which was up 10.02% to settle at 20.20 and HNA Investment Group Co Ltd (SZ:000616) which gained 10.02% to close at 10.32.
The worst performers were Joyoung Co Ltd (SZ:002242) which was down 7.99% to 35.10 in late trade, Leo Group Co Ltd (SZ:002131) which lost 5.96% to settle at 68.79 and Luxshare Precision Industry Co Ltd (SZ:002475) which was down 4.18% to 34.88 at the close.
Advancing stocks outnumbered falling ones by 547 to 426 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.56% to 31.43.
In commodities trading, Gold for December delivery was up 0.04% or 0.40 to $1116.00 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.18% or 0.07 to hit $42.16 a barrel, while the October Brent oil contract rose 0.24% or 0.12 to trade at $49.75 a barrel.
USD/CNY was up 0.02% to 6.4000, while EUR/CNY fell 0.07% to 7.1319.
The US Dollar Index was up 0.03% at 96.39.