The Investor SA

China stocks higher at close of trade; Shanghai composite up 2.62%

 

30 March, 2015

by Investing.com

 

China stocks were higher after the close on Monday, as gains in the Real Estate Investments  &  Services, 

Oil Equipment Services & Distribution andLife Insurance sectors led 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 added 2.48%.

 

The best performers 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. Meanwhile, 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.

 

The worst performers of the session were Chaodong Cem (SS:600318), which fell 10.01% or 3.440 points

to trade at 30.940 at the close. JS  Design ORD A (SS:603018)  declined  10.00%  or 8.02 points to end at

72.20 and Huafang (SS:600273) was down 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.

 

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 727 to 234.

 

Shares  in  Changlin (SS:600710)  rose to 3-year highs; up 10.08% or 0.630 to 6.880. Shares in Qingsong

(SS:600425) rose  to  3 - year highs; up 10.07% or 0.740 to 8.090. Shares in Zhenhua Heavy (SS:600320)

rose  to  3-year  highs; up  10.07%  or  0.770  to  8.420.  Shares  in Zoomlion Heavy Industry Science and

Technology Co Ltd (SZ:000157) rose to 52- week  highs;  up  10.04%  or  0.69  to  7.56. Shares  in  China

Merchants  Property  Development Co Ltd (SZ :000024) rose to 52-week highs; gaining 10.00% or 3.04 to

33.44.

 

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.93% to 20.56.

 

Gold for June delivery was down 1.02% or 12.20 to $1188.50 a troy ounce. Elsewhere in commodities trading, 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