China shares lower at close of trade; Shanghai Composite down 0.61%

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China shares lower at close of trade; Shanghai Composite down 0.61%

Investing.com – China equities were lower at the close on Thursday, as losses in the Gas, Water & Multiutilities , Technology Hardware & Equipment and Technology sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.61% to hit a new 3-year low, while the SZSE Component index declined 1.02%.

The biggest gainers of the session on the Shanghai Composite were Wintime Energy Co Ltd (SS: 600157 ), which rose 10.24% or 0.130 points to trade at 1.400 at the close. Zhe Jiang Dong Ri Ltd Co (SS: 600113 ) added 10.04% or 0.670 points to end at 7.340 and Eastern Communications Co Ltd A (SS: 600776 ) was up 10.02% or 0.950 points to 10.430 in late trade.

Biggest losers included Suzhou Keda Technology Co Ltd (SS: 603660 ), which lost 10.00% or 1.870 points to trade at 16.830 in late trade. Jiangsu Holly Corp (SS: 600128 ) declined 9.98% or 0.900 points to end at 8.120 and Nanjing Textiles Import & Export Corp Ltd (SS: 600250 ) shed 9.22% or 0.820 points to 8.070.

The top performers on the SZSE Component were Wuxi Lead Auto Equipment Co Ltd (SZ: 300450 ) which rose 6.18% to 29.40, Zhejiang Wanfeng Auto Wheel Co Ltd (SZ: 002085 ) which was up 6.09% to settle at 7.49 and Joyoung Co Ltd (SZ: 002242 ) which gained 5.43% to close at 16.50.

The worst performers were Zhejiang Jiangshan Chemical Co Ltd (SZ: 002061 ) which was down 10.00% to 10.35 in late trade, Qingdao TGOOD Electric Co Ltd (SZ: 300001 ) which lost 6.89% to settle at 16.61 and Wanda Cinema Line Corp (SZ: 002739 ) which was down 6.84% to 21.26 at the close.

Declining stocks outnumbered rising ones by 1174 to 247 and 55 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 28.57.

In commodities trading, Gold Futures for February delivery was up 0.06% or 0.70 to $1270.45 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.95% or 0.91 to hit $45.70 a barrel, while the March Brent oil contract fell 2.10% or 1.16 to trade at $54.13 a barrel.

USD/CNY was down 0.09% to 6.8930, while EUR/CNY fell 0.30% to 7.8448.

The US Dollar Index Futures was down 0.17% at 96.412.

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