China shares lower at close of trade; Shanghai Composite down 0.48%

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China shares lower at close of trade; Shanghai Composite down 0.48%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Thursday, as losses in the Travel & Leisure , Retailers and Life Insurance sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.48%, while the SZSE Component index lost 0.61%.

The biggest gainers of the session on the Shanghai Composite were Xinjiang Dushanzi TianLi High & NewTech Co Ltd PRC (SS: 600339 ), which rose 10.11% or 0.440 points to trade at 4.790 at the close. Suzhou Douson Drilling & Production Equipment Co Ltd (SS: 603800 ) added 10.04% or 1.370 points to end at 15.020 and Double Coin A (SS: 600623 ) was up 10.04% or 1.100 points to 12.060 in late trade.

Biggest losers included Tangshan Port Group Co Ltd (SS: 601000 ), which lost 24.45% or 1.110 points to trade at 3.430 in late trade. Shanghai Diesel Engine Co Ltd A (SS: 600841 ) declined 9.99% or 1.420 points to end at 12.790 and JDM JingDa Machine Ningbo Co Ltd (SS: 603088 ) shed 9.98% or 2.63 points to 23.71.

The top performers on the SZSE Component were Shenzhen Shenxin Taifeng Group Co Ltd (SZ: 000034 ) which rose 9.99% to 22.36, LandOcean Energy Services Co (SZ: 300157 ) which was up 7.64% to settle at 7.89 and Shijiazhuang Changshan Textile Co Ltd (SZ: 000158 ) which gained 5.85% to close at 8.69.

The worst performers were Shandong Qixing Iron Tower Co Ltd (SZ: 002359 ) which was down 10.01% to 21.75 in late trade, Beijing Miteno Communication Technology Co Ltd (SZ: 300038 ) which lost 6.68% to settle at 14.11 and Apex Technology Co Ltd (SZ: 002180 ) which was down 4.98% to 31.09 at the close.

Declining stocks outnumbered rising ones by 779 to 530 and 68 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 20.58.

In commodities trading, Gold Futures for June delivery was down 0.21% or 2.70 to $1288.80 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.41% or 0.29 to hit $71.78 a barrel, while the July Brent oil contract rose 0.37% or 0.29 to trade at $79.57 a barrel.

USD/CNY was down 0.09% to 6.3660, while EUR/CNY fell 0.07% to 7.5170.

The US Dollar Index Futures was unchanged 0.00% at 93.27.

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