China shares lower at close of trade; Shanghai Composite down 0.94%

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

At the close in Shanghai, the Shanghai Composite declined 0.94% to hit a new 52-week low, while the SZSE Component index declined 2.02%.

The biggest gainers of the session on the Shanghai Composite were Jien Nickel (SS: 600432 ), which rose 10.43% or 0.120 points to trade at 1.270 at the close. Zhejiang Tuna Environmental Science & Technology Co Ltd (SS: 603177 ) added 10.03% or 1.36 points to end at 14.92 and Shanghai Phoenix Enterprise Group Co Ltd A (SS: 600679 ) was up 10.03% or 1.130 points to 12.400 in late trade.

Biggest losers included GuangYuYuan Chinese Herbal Medicine Co Ltd (SS: 600771 ), which lost 10.00% or 5.370 points to trade at 48.310 in late trade. China United Travel Co Ltd (SS: 600358 ) declined 10.00% or 0.51 points to end at 4.59 and Neway Valve Suzhou Co Ltd (SS: 603699 ) shed 9.99% or 1.270 points to 11.440.

The top performers on the SZSE Component were Chongqing Tong Jun Ge Co Ltd (SZ: 000591 ) which rose 10.03% to 3.73, Beijing Jingxi Culture&Tourism Co Ltd (SZ: 000802 ) which was up 9.98% to settle at 13.33 and Shandong Humon Smelting Co Ltd (SZ: 002237 ) which gained 9.42% to close at 9.99.

The worst performers were Oceanwide Holdings Co Ltd (SZ: 000046 ) which was down 10.04% to 4.66 in late trade, Xingyuan Environment Technology Co Ltd (SZ: 300266 ) which lost 10.01% to settle at 14.57 and Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ: 300317 ) which was down 9.99% to 9.64 at the close.

Declining stocks outnumbered rising ones by 1155 to 210 and 40 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 26.34.

In commodities trading, Gold Futures for August delivery was up 0.57% or 7.20 to $1260.70 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.63% or 0.47 to hit $73.67 a barrel, while the September Brent oil contract rose 0.21% or 0.16 to trade at $77.92 a barrel.

USD/CNY was down 0.54% to 6.6062, while EUR/CNY fell 0.48% to 7.7073.

The US Dollar Index Futures was down 0.08% at 94.24.