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China shares lower at close of trade; Shanghai Composite down 2.49%

Published 23-11-2018, 01:05 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 2.49%
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Investing.com – China equities were lower at the close on Friday, as losses in the Software & Computer Services, Technology and Retailers sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 2.49%, while the SZSE Component index fell 3.26%.

The biggest gainers of the session on the Shanghai Composite were Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678), which rose 10.08% or 0.670 points to trade at 7.320 at the close. Hainan Haiqi Transportation Group Co Ltd (SS:603069) added 10.06% or 0.710 points to end at 7.770 and Beihai Gofar Marine Biological Industry Co Ltd (SS:600538) was up 10.02% or 0.460 points to 5.050 in late trade.

Biggest losers included Shanghai Shibei Hi-Tech Co Ltd A (SS:600604), which lost 10.04% or 1.14 points to trade at 10.22 in late trade. Henan Zhongyuan Expressway Co Ltd (SS:600020) declined 10.02% or 0.460 points to end at 4.130 and Shanghai Xinhua Media Co Ltd (SS:600825) shed 10.02% or 0.650 points to 5.840.

The top performers on the SZSE Component were Yunnan Baiyao Group Co Ltd (SZ:000538) which rose 6.83% to 75.03, Sieyuan Electric Co Ltd (SZ:002028) which was up 3.75% to settle at 11.33 and Happigo Home Shopping Co Ltd (SZ:300413) which gained 3.22% to close at 36.90.

The worst performers were Yinji Entertainment Media Co Ltd (SZ:002143) which was down 10.07% to 3.66 in late trade, Huawen Media Investment Corp (SZ:000793) which lost 10.00% to settle at 3.69 and Meisheng Cultural & Creative Corp Ltd (SZ:002699) which was down 9.97% to 6.14 at the close.

Declining stocks outnumbered rising ones by 1424 to 44 and 5 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 30.22.

In commodities trading, Gold Futures for December delivery was down 0.31% or 3.80 to $1224.20 a troy ounce. Meanwhile, Crude oil for delivery in January fell 2.29% or 1.25 to hit $53.38 a barrel, while the January Brent oil contract fell 0.81% or 0.51 to trade at $62.09 a barrel.

USD/CNY was up 0.15% to 6.9422, while EUR/CNY rose 0.22% to 7.9215.

The US Dollar Index Futures was down 0.23% at 96.360.

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