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China stocks lower at close of trade; Shanghai Composite down 0.44%

Published 05/24/2018, 03:35 AM
Updated 05/24/2018, 03:40 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.44%
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Investing.com – China stocks were lower after the close on Thursday, as losses in the Technology Hardware & Equipment, Electricity and Utilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.44%, while the SZSE Component index lost 0.63%.

The best performers of the session on the Shanghai Composite were Hainan Haiqi Transportation Group Co Ltd (SS:603069), which rose 10.02% or 1.040 points to trade at 11.420 at the close. Meanwhile, TongLing Zonfa Trinity Technology Co Ltd (SS:600520) added 10.01% or 1.81 points to end at 19.89 and Hna Innovation Hainan Co Ltd A (SS:600555) was up 9.92% or 0.52 points to 5.76 in late trade.

The worst performers of the session were Shanghai Baosight Software Co Ltd A (SS:600845), which fell 6.91% or 1.920 points to trade at 25.870 at the close. Wuxi Hongsheng Heat Exchanger Manufacturing Co Ltd (SS:603090) declined 5.92% or 1.210 points to end at 19.220 and Shanghai Chengdi Construction Corp Ltd (SS:603887) was down 5.90% or 1.810 points to 28.890.

The top performers on the SZSE Component were Xinjiang Beixin Road&Bridge Group Co Ltd (SZ:002307) which rose 9.97% to 7.06, Xian International Medical Investment Co Ltd (SZ:000516) which was up 9.09% to settle at 6.00 and Shenzhen Capchem Tech (SZ:300037) which gained 6.85% to close at 23.23.

The worst performers were Beijing Orient Landscape Co Ltd (SZ:002310) which was down 8.74% to 15.03 in late trade, Shenwu Environmental Tech (SZ:300156) which lost 7.60% to settle at 9.00 and Shanxi Baiyuan Trousers Chain Management Co Ltd (SZ:002640) which was down 5.62% to 18.31 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 772 to 524 and 80 ended unchanged.

Shares in Beijing Orient Landscape Co Ltd (SZ:002310) fell to 52-week lows; losing 8.74% or 1.44 to 15.03. Shares in Xian International Medical Investment Co Ltd (SZ:000516) rose to 52-week highs; rising 9.09% or 0.50 to 6.00. Shares in Shenwu Environmental Tech (SZ:300156) fell to 5-year lows; losing 7.60% or 0.74 to 9.00.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 6.58% to 21.39.

Gold Futures for June delivery was up 0.52% or 6.70 to $1296.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.39% or 0.28 to hit $71.56 a barrel, while the July Brent oil contract fell 0.48% or 0.38 to trade at $79.42 a barrel.

USD/CNY was down 0.04% to 6.3874, while EUR/CNY rose 0.25% to 7.4912.

The US Dollar Index Futures was down 0.19% at 93.73.

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