China shares lower at close of trade; Shanghai Composite down 0.35%

  • Investing.com
  • Stock Market News
China shares lower at close of trade; Shanghai Composite down 0.35%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Thursday, as losses in the Telecoms , Mobile and Oil Equipment Services & Distribution sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.35%, while the SZSE Component index lost 0.83%.

The biggest gainers of the session on the Shanghai Composite were Hunan Baili Engineering Sci & Tech Co Ltd (SS: 603959 ), which rose 10.02% or 3.150 points to trade at 34.600 at the close. GuangZhou Baiyun Electric Equipment Co Ltd (SS: 603861 ) added 9.99% or 2.120 points to end at 23.340 and Nantong Square Cold Chain Equipment Co Ltd (SS: 603339 ) was up 9.99% or 2.710 points to 29.840 in late trade.

Biggest losers included Zhejiang Three Stars New Materials Co Ltd (SS: 603578 ), which lost 10.00% or 5.15 points to trade at 46.33 in late trade. China Science Publishing & Media Ltd (SS: 601858 ) declined 8.25% or 1.10 points to end at 12.23 and Luoyang Glass (SS: 600876 ) shed 8.17% or 2.030 points to 22.810.

The top performers on the SZSE Component were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ: 002081 ) which rose 8.03% to 12.38, JPMF Guangdong Co Ltd (SZ: 002600 ) which was up 6.28% to settle at 8.80 and Yantai Changyu Pioneer Wine Co Ltd (SZ: 000869 ) which gained 5.98% to close at 39.90.

The worst performers were Swan Fiber Co Ltd (SZ: 000687 ) which was down 8.98% to 15.20 in late trade, ZTE Corp (SZ: 000063 ) which lost 7.35% to settle at 28.38 and First Capital Securities Co Ltd Class A (SZ: 002797 ) which was down 6.30% to 12.05 at the close.

Declining stocks outnumbered rising ones by 1024 to 297 and 14 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 1.26% to 17.27.

In commodities trading, Gold Futures for December delivery was up 0.16% or 2.06 to $1285.06 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.27% or 0.14 to hit $51.90 a barrel, while the December Brent oil contract fell 0.31% or 0.18 to trade at $57.97 a barrel.

USD/CNY was down 0.08% to 6.6230, while EUR/CNY rose 0.09% to 7.8200.

The US Dollar Index Futures was down 0.09% at 93.22.

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