China shares lower at close of trade; Shanghai Composite down 0.70%

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China shares lower at close of trade; Shanghai Composite down 0.70%
Credit: © Reuters. – China equities were lower at the close on Friday, as losses in the Electricity , Retailers and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.70% to hit a new 52-week low, while the SZSE Component index fell 1.40%.

The biggest gainers of the session on the Shanghai Composite were Chongqing Wanli New Energy Co Ltd (SS: 600847 ), which rose 9.98% or 1.300 points to trade at 14.330 at the close. Shanxi Coal International Energy Group Co Ltd (SS: 600546 ) added 9.95% or 0.370 points to end at 4.090 and Zhengzhou Coal Industry & Electric Power Co Ltd (SS: 600121 ) was up 9.92% or 0.360 points to 3.990 in late trade.

Biggest losers included Shanghai Chuangli Group Co Ltd (SS: 603012 ), which lost 10.06% or 0.720 points to trade at 6.440 in late trade. Yaxing Chem (SS: 600319 ) declined 10.05% or 0.760 points to end at 6.800 and Ningbo Bird Co Ltd (SS: 600130 ) shed 10.04% or 0.490 points to 4.390.

The top performers on the SZSE Component were Eternal Asia Supply Chain Management Ltd (SZ: 002183 ) which rose 5.01% to 7.55, Westone Information Industry Inc (SZ: 002268 ) which was up 4.97% to settle at 23.88 and Zhejiang Transfar Co Ltd (SZ: 002010 ) which gained 4.80% to close at 13.33.

The worst performers were ZTE Corp (SZ: 000063 ) which was down 10.02% to 22.82 in late trade, Zibo Qixiang Tengda Chemical Co Ltd (SZ: 002408 ) which lost 10.01% to settle at 12.40 and Beijing Chinese All Digital Publishing Co Ltd (SZ: 300364 ) which was down 10.01% to 7.82 at the close.

Declining stocks outnumbered rising ones by 1130 to 238 and 23 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 18.29 a new 3-month low.

In commodities trading, Gold Futures for August delivery was down 0.44% or 5.70 to $1302.60 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.09% or 0.06 to hit $66.83 a barrel, while the August Brent oil contract fell 0.29% or 0.22 to trade at $75.72 a barrel.

USD/CNY was up 0.19% to 6.4139, while EUR/CNY rose 0.27% to 7.4233.

The US Dollar Index Futures was unchanged 0.00% at 94.93.

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