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China stocks lower at close of trade; Shanghai Composite down 1.28%

Published 09/01/2015, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 1.28%
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Investing.com – China stocks were lower after the close on Tuesday, as losses in the Software & Computer Services, Technology Hardware & Equipment and Retailers sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.28%, while the SZSE Component index fell 3.67%.

The best performers of the session on the Shanghai Composite were Xinyu Iron (SS:600782), which rose 10.00% or 0.49 points to trade at 5.39 at the close. Meanwhile, Benefo (SS:600468) added 10.00% or 1.250 points to end at 13.750 and Constr Bank (SS:601939) was up 8.70% or 0.450 points to 5.620 in late trade.

The worst performers of the session were Lianyungang Po (SS:601008), which fell 10.06% or 0.710 points to trade at 6.350 at the close. Citic Heavy In (SS:601608) declined 10.06% or 0.720 points to end at 6.440 and Highly (SS:600619) was down 10.05% or 0.880 points to 7.880.

The top performers on the SZSE Component were Western Securities Co Ltd (SZ:002673) which rose 4.91% to 17.32, Guizhou Bailing Group Pharmaceutical Co Ltd (SZ:002424) which was up 4.87% to settle at 54.95 and Zhejiang Jingxing Paper Joint Stock Co Ltd (SZ:002067) which gained 4.80% to close at 5.68.

The worst performers were Tianma Bearing Group Co Ltd (SZ:002122) which was down 10.06% to 6.35 in late trade, Shanghai Luxin Packing Materials Science&Technology Co Ltd (SZ:002565) which lost 10.05% to settle at 6.80 and Risen Energy (SZ:300118) which was down 10.04% to 9.23 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 824 to 115.

Shares in Highly (SS:600619) fell to 52-week lows; down 10.05% or 0.880 to 7.880.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.59% to 45.58.

Gold for December delivery was up 0.96% or 10.90 to $1143.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 3.19% or 1.57 to hit $47.63 a barrel, while the October Brent oil contract fell 2.79% or 1.51 to trade at $52.64 a barrel.

USD/CNY was down 0.10% to 6.3701, while EUR/CNY rose 0.70% to 7.1997.

The US Dollar Index was down 0.68% at 95.30.

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