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

  • Investing.com
  • Stock Market News
China shares lower at close of trade; Shanghai Composite down 0.70%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Wednesday, as losses in the Telecoms , Mobile and Software & Computer Services sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.70%, while the SZSE Component index fell 1.10%.

The biggest gainers of the session on the Shanghai Composite were Aerosun Corp (SS: 600501 ), which rose 10.07% or 0.710 points to trade at 7.760 at the close. Hainan Haiqi Transportation Group Co Ltd (SS: 603069 ) added 10.04% or 0.720 points to end at 7.890 and DELIXI XINJIANG Transportation Co Ltd (SS: 603032 ) was up 10.02% or 1.30 points to 14.27 in late trade.

Biggest losers included Gangtai Holdin (SS: 600687 ), which lost 10.05% or 0.740 points to trade at 6.620 in late trade. Shanghai Jahwa United Co Ltd (SS: 600315 ) declined 9.99% or 3.390 points to end at 30.540 and Shangying Global Co Ltd (SS: 600146 ) shed 9.98% or 1.31 points to 11.81.

The top performers on the SZSE Component were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ: 000766 ) which rose 10.02% to 7.25, Shenzhen Shenxin Taifeng Group Co Ltd (SZ: 000034 ) which was up 9.98% to settle at 13.55 and Baoan Hongji Real Estate Group Co Ltd (SZ: 000040 ) which gained 4.51% to close at 10.66.

The worst performers were Yinyi Real Estate Co Ltd (SZ: 000981 ) which was down 10.06% to 5.63 in late trade, Shenwu Environmental Tech (SZ: 300156 ) which lost 10.01% to settle at 6.74 and China Greatwall Computer Shenzhen Co Ltd (SZ: 000066 ) which was down 9.40% to 6.84 at the close.

Declining stocks outnumbered rising ones by 1110 to 277 and 54 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 21.37.

In commodities trading, Gold Futures for December delivery was up 0.05% or 0.60 to $1200.60 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.67% or 0.44 to hit $66.28 a barrel, while the October Brent oil contract rose 0.70% or 0.51 to trade at $73.14 a barrel.

USD/CNY was down 0.06% to 6.8436, while EUR/CNY fell 0.09% to 7.9165.

The US Dollar Index Futures was up 0.04% at 95.17.

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