China shares lower at close of trade; Shanghai Composite down 1.04%

  • Investing.com
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China shares lower at close of trade; Shanghai Composite down 1.04%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Monday, as losses in the Real Estate Investments & Services , Travel & Leisure and Telecoms sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 1.04% to hit a new 52-week low, while the SZSE Component index lost 0.91%.

The biggest gainers of the session on the Shanghai Composite were BanBao Co Ltd (SS: 603398 ), which rose 10.02% or 1.540 points to trade at 16.910 at the close. Zhejiang Jiaao Enprotech Stock Co Ltd (SS: 603822 ) added 10.00% or 2.590 points to end at 28.500 and Shanghai Sanmao Enterprise Group Co Ltd A (SS: 600689 ) was up 9.97% or 0.910 points to 10.040 in late trade.

Biggest losers included Ningbo Bird Co Ltd (SS: 600130 ), which lost 10.12% or 0.330 points to trade at 2.930 in late trade. Guangzhou Yuetai Group Co Ltd (SS: 600393 ) declined 10.08% or 0.390 points to end at 3.480 and Air China Ltd Class A (SS: 601111 ) shed 10.03% or 1.090 points to 9.780.

The top performers on the SZSE Component were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ: 000766 ) which rose 7.99% to 11.90, Anhui Gujing Distillery Co Ltd (SZ: 000596 ) which was up 7.03% to settle at 94.11 and Shaanxi International Trust Co Ltd (SZ: 000563 ) which gained 6.13% to close at 3.46.

The worst performers were Guangdong Eastone Century Technology Co Ltd (SZ: 300310 ) which was down 10.03% to 5.38 in late trade, Westone Information Industry Inc (SZ: 002268 ) which lost 10.02% to settle at 18.95 and ZTE Corp (SZ: 000063 ) which was down 10.01% to 13.48 at the close.

Declining stocks outnumbered rising ones by 819 to 509 and 66 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 20.99.

In commodities trading, Gold Futures for August delivery was down 0.20% or 2.60 to $1268.10 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.07% or 0.05 to hit $68.53 a barrel, while the September Brent oil contract fell 1.31% or 0.99 to trade at $74.33 a barrel.

USD/CNY was up 0.44% to 6.5346, while EUR/CNY rose 0.24% to 7.6041.

The US Dollar Index Futures was up 0.12% at 94.30.

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