China Stocks Rose at Thursday’s Trade Close

China stocks were higher at the trade close on Thursday. Gains in the country’s economic sectors, such as Oil Equipment Services & Distribution, Life Insurance, and Gas, Water & Multiutilities, made a huge impact on the stock result.

The Hang Seng Index of Hong Kong added 1.21 percent. The energy sector jumped 3.73 percent as large-cap oil producers gained on the back of a surge in oil prices, while material stocks also rose 4.26 percent.

Major mainland markets also climbed; the Shanghai Composite index rose 0.85 percent to close at 3,117.55. Meanwhile, the Shenzhen Composite rose 0.6 percent to 1,1814.64 at the end of the trade.

The highest gainers on the Shanghai Composite were the Aluminum Corp of China Ltd., which rose 10.11 or 0.470 points to trade at 5.120, the Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd. added 10.02 or 2.750 points at 30.200, and the Shanghai LongYun Advertising & Media Co. Ltd. rose 10.01 percent or 5.58 points to 61.35 in the late trade.

On the other hand, there were also companies who didn’t perform well at the trade close. The Shanghai Co. Ltd. slid 7.45 percent or 0.520 points to 6.460, the Harbin Air Conditioning Co. Ltd. fell 7.35 percent or 0.0530 points, and the Hainan Haiqi Transportation Group Co. Ltd. was down 6.83 percent or 0.840 points to 11.450.

The top gainers on the SZSE Component were the Nationz Technologies Inc., which rose 10.04 percent to 10.41 points, the Shenwu Environmental Tech rose 10.03 percent to 12.94 points, and the Yunnan Aluminum Co. Ltd. gained 9.98 to settle at 8.93.

On the other hand, the worst performers were the Zhejiang Jinke Peroxides Co. Ltd., which fell 7.05 percent to 10.55, Shenzhen Ysstech Info-Tech Co. Ltd. lost 6.00 percent to close at 15.81 points, and the Beijing Sinnet Technology Co. Ltd. slid 5.24 percent to 15.90 points.

Rising stocks outnumbered the declining ones on the Shanghai Stock Exchange by 770 to 508 and 88 remain buoyant.

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Japan, SoKor Stocks Rise

Asian markets closed higher compared to their close on the last session. Oil prices also showed gains after closing 3 percent higher in the last session.

In Japan, the Nikkei 225 rose 0.15 percent at 32.98 points to close at 22,191.18. A major contributor to this gain is the materials sector. The Topix subindexes for steel rose and non-ferrous metals added 2.91 and 2.44 percent, respectively.

Gains in the steelmakers and other manufacturing companies made the South Korean-based Kospi end the trade with a 0.25 percent increase at 2,248.10. Samsung Electronics also rose 2.76 percent.

Overall, Asian stock market gains resulted from a stronger lead at Wall Street, where good earnings continued to buoy markets.

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