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China stocks lower at close of trade; Shanghai Composite down 0.46%

Published 08/31/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.46%
FTXIN4403010
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Investing.com – China stocks were lower after the close on Friday, as losses in the Oil Equipment Services & Distribution, Media and Software & Computer Services sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.46%, while the SZSE Component index lost 1.02%.

The best performers of the session on the Shanghai Composite were DELIXI XINJIANG Transportation Co Ltd (SS:603032), which rose 10.03% or 1.93 points to trade at 21.18 at the close. Meanwhile, Jiangquan Ind (SS:600212) added 9.88% or 0.340 points to end at 3.780 and GuangZhou Baiyun Electric Equipment Co Ltd (SS:603861) was up 8.67% or 0.910 points to 11.400 in late trade.

The worst performers of the session were Nanjing Kangni Mechanical & Electrical Co Ltd (SS:603111), which fell 10.04% or 0.51 points to trade at 4.57 at the close. Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) declined 9.97% or 1.920 points to end at 17.330 and Qijing Machinery Co Ltd (SS:603677) was down 9.96% or 1.42 points to 12.83.

The top performers on the SZSE Component were Qinghai Salt Lake Industry Co Ltd (SZ:000792) which rose 10.04% to 8.44, Beijing Baofeng Technology Co Ltd (SZ:300431) which was up 9.96% to settle at 12.03 and By health (SZ:300146) which gained 6.07% to close at 19.58.

The worst performers were Wuhu Shunrong Auto Parts Co Ltd (SZ:002555) which was down 9.98% to 10.19 in late trade, Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which lost 9.95% to settle at 8.87 and Fujian Guanfu Modern Household Wares Co Ltd (SZ:002102) which was down 9.94% to 3.26 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1051 to 331 and 62 ended unchanged.

Shares in Nanjing Kangni Mechanical & Electrical Co Ltd (SS:603111) fell to 3-years lows; falling 10.04% or 0.51 to 4.57. Shares in Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) fell to 52-week lows; falling 9.97% or 1.920 to 17.330. Shares in Qijing Machinery Co Ltd (SS:603677) fell to 52-week lows; losing 9.96% or 1.42 to 12.83. Shares in Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) fell to 52-week lows; down 9.95% or 0.98 to 8.87. Shares in Fujian Guanfu Modern Household Wares Co Ltd (SZ:002102) fell to 5-year lows; down 9.94% or 0.36 to 3.26.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 13.92% to 23.89.

Gold Futures for December delivery was up 0.70% or 8.40 to $1213.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.13% or 0.09 to hit $70.16 a barrel, while the November Brent oil contract fell 0.26% or 0.20 to trade at $77.82 a barrel.

USD/CNY was down 0.18% to 6.8327, while EUR/CNY fell 0.01% to 7.9851.

The US Dollar Index Futures was down 0.12% at 94.53.

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