China shares lower at close of trade; Shanghai Composite down 0.26%

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China shares lower at close of trade; Shanghai Composite down 0.26% – China equities were lower at the close on Wednesday, as losses in the Telecoms , Mobile and Life Insurance sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.26% to hit a new 1-month low, while the SZSE Component index declined 0.58%.

The biggest gainers of the session on the Shanghai Composite were Guodian Nanjing Automation Co Ltd (SS: 600268 ), which rose 10.08% or 0.380 points to trade at 4.150 at the close. Holsin Engineering Consulting Group Co Ltd (SS: 603909 ) added 10.02% or 2.500 points to end at 27.450 and Wuxi New Hongtai Electrical Technology Co Ltd (SS: 603016 ) was up 10.01% or 1.680 points to 18.470 in late trade.

Biggest losers included Changyuan Group Ltd (SS: 600525 ), which lost 10.06% or 0.510 points to trade at 4.560 in late trade. Qingdao Topscomm Communication Inc (SS: 603421 ) declined 7.32% or 1.800 points to end at 22.800 and DELIXI XINJIANG Transportation Co Ltd (SS: 603032 ) shed 5.95% or 1.82 points to 28.76.

The top performers on the SZSE Component were XJ Electric Co Ltd (SZ: 000400 ) which rose 6.13% to 9.35, Yintai Resources Co Ltd (SZ: 000975 ) which was up 5.53% to settle at 9.93 and Shenzhen Grandland Decoration Group Co Ltd (SZ: 002482 ) which gained 5.15% to close at 5.72.

The worst performers were China West Construction Group Co Ltd (SZ: 002302 ) which was down 10.02% to 9.25 in late trade, Zhonghong Holding Co Ltd (SZ: 000979 ) which lost 8.70% to settle at 0.21 and Guangdong Eastone Century Technology Co Ltd (SZ: 300310 ) which was down 5.18% to 5.31 at the close.

Declining stocks outnumbered rising ones by 766 to 604 and 104 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.03 a new 1-month high.

In commodities trading, Gold Futures for February delivery was up 0.30% or 3.85 to $1275.65 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.21% or 0.09 to hit $42.62 a barrel, while the March Brent oil contract fell 0.71% or 0.36 to trade at $50.41 a barrel.

USD/CNY was down 0.01% to 6.8989, while EUR/CNY rose 0.01% to 7.8659.

The US Dollar Index Futures was up 0.11% at 96.113.

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