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China shares lower at close of trade; Shanghai Composite down 1.18%

Published 22-01-2019, 01:05 pm
China shares lower at close of trade; Shanghai Composite down 1.18%
FTXIN4101010
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FTXIN4101020
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FTXIN410
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SSEC
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VXFXI
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600084
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600589
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600751
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600867
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SZI
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002013
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000806
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002681
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300316
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300116
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002010
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603421
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603186
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Investing.com – China equities were lower at the close on Tuesday, as losses in the Technology Hardware & Equipment, Technology and Software & Computer Services sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.18%, while the SZSE Component index declined 1.44%.

The biggest gainers of the session on the Shanghai Composite were Citic Guoan Wine Co Ltd (SS:600084), which rose 10.15% or 0.330 points to trade at 3.580 at the close. Tianjin Tianhai Investment Co Ltd A (SS:600751) added 10.14% or 0.290 points to end at 3.150 and Zhejiang Huazheng New Material Co Ltd (SS:603186) was up 10.03% or 1.81 points to 19.86 in late trade.

Biggest losers included Qingdao Topscomm Communication Inc (SS:603421), which lost 6.98% or 1.820 points to trade at 24.240 in late trade. Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) declined 6.19% or 0.820 points to end at 12.420 and Guangdong Rongtai Industry Co Ltd (SS:600589) shed 5.70% or 0.280 points to 4.630.

The top performers on the SZSE Component were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which rose 10.02% to 4.94, Zhejiang Transfar Co Ltd (SZ:002010) which was up 8.42% to settle at 7.08 and Shenzhen Fenda Technology Co Ltd (SZ:002681) which gained 3.46% to close at 4.48.

The worst performers were Zhejiang Jingsheng Mech Electric (SZ:300316) which was down 8.49% to 9.38 in late trade, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which lost 7.14% to settle at 1.69 and AVIC Electromechanical Systems Co Ltd (SZ:002013) which was down 5.83% to 6.95 at the close.

Declining stocks outnumbered rising ones by 1174 to 258 and 48 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 21.02 a new 3-month low.

In commodities trading, Gold Futures for February delivery was down 0.23% or 2.95 to $1279.65 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.59% or 0.32 to hit $53.72 a barrel, while the March Brent oil contract fell 0.69% or 0.43 to trade at $62.31 a barrel.

USD/CNY was up 0.19% to 6.8060, while EUR/CNY rose 0.07% to 7.7252.

The US Dollar Index Futures was up 0.14% at 96.123.

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