Shanghai Composite up: China stocks higher at close of trade

China stocks were higher after the close on Friday, as gains in the Gas, Water&Multiutilities, Technology Hardware&Equipment and Technology sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 3.51%, while the SZSE Component index added 5.24%.

The best performers of the session on the Shanghai Composite were Tengda Constr (SS:600512), which rose 10.09% or 0.440 points to trade at 4.800 at the close. Meanwhile, Yunnan Yunwei (SS:600725) added 10.08% or 0.660 points to end at 7.210 and Ancai Hi-Tech (SS:600207) was up 10.08% or 0.620 points to 6.770 in late trade.

The worst performers of the session were Petrochina SS (SS:601857), which fell 1.72% or 0.230 points to trade at 13.170 at the close. Jiangzhong Phm (SS:600750) declined 1.61% or 0.700 points to end at 42.770 and Bank Of China SS (SS:601988) was down 0.96% or 0.050 points to 5.180.

The top performers on the SZSE Component were Huamei Holding (SZ:000607) which rose 10.05% to 11.61, Guangxi Liugong Machinery Co Ltd (SZ:000528) which was up 10.05% to settle at 10.51 and Zhuhai Port Co Ltd (SZ:000507) which gained 10.04% to close at 8.00.

The worst performers were Anhui Deli Household Glass Co Ltd (SZ:002571) which was unchanged 0% to 18.46 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which unchanged 0% to settle at 26.90 and Anhui Zhongding holding Parts Co Ltd (SZ:000887) which was unchanged 0% to 24.75 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 949 to 9.

Shares in Anhui Deli Household Glass Co Ltd (SZ:002571) unchanged to 52-week highs; unchanged 0% or 0 to 18.46.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.94% to 30.23.

Gold for August delivery was up 0.02% or 0.20 to $1144.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.18% or 0.09 to hit $51.00 a barrel, while the September Brent oil contract rose 0.47% or 0.27 to trade at $57.19 a barrel.