Investing.com – China equities were higher at the close on Monday, as gains in the Real Estate Investments & Services, Oil Equipment Services & Distribution and Life Insurance sectors propelled shares higher.
At the close in Shanghai, the Shanghai Composite rose 2.62% to hit a new 3-year high, while the SZSE Component index climbed 2.48%.
The biggest gainers of the session on the Shanghai Composite were Changlin (SS:600710), which rose 10.08% or 0.630 points to trade at 6.880 at the close. Qingsong (SS:600425) added 10.07% or 0.740 points to end at 8.090 and Zhenhua Heavy (SS:600320) was up 10.07% or 0.770 points to 8.420 in late trade.
Biggest losers included Chaodong Cem (SS:600318), which lost 10.01% or 3.440 points to trade at 30.940 in late trade. JS Design ORD A (SS:603018) declined 10.00% or 8.02 points to end at 72.20 and Huafang (SS:600273) shed 9.97% or 1.550 points to 14.000.
The top performers on the SZSE Component were Zoomlion Heavy Industry Science and Technology Co Ltd (SZ:000157) which rose 10.04% to 7.56, China Merchants Property Development Co Ltd (SZ:000024) which was up 10.00% to settle at 33.44 and China Vanke Co Ltd (SZ:000002) which gained 6.67% to close at 14.24.
The worst performers were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which was down 1.13% to 35.00 in late trade, BYD Co Ltd (SZ:002594) which lost 0.26% to settle at 52.71 and Midea Group Co Ltd (SZ:000333) which was unchanged 0% to 31.54 at the close.
Advancing stocks outnumbered falling ones by 727 to 234 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.93% to 20.56.
In commodities trading, Gold for June delivery was down 1.02% or 12.20 to $1188.50 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.85% or 0.91 to hit $47.97 a barrel, while the May Brent oil contract fell 1.03% or 0.58 to trade at $55.83 a barrel.
USD/CNY was down 0.14% to 6.2065, while EUR/CNY fell 0.60% to 6.7274.
The US Dollar Index was up 0.49% at 98.09.