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China stocks lower at close of trade; Shanghai Composite down 1.68%

Published 09/05/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 1.68%
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Investing.com – China stocks were lower after the close on Wednesday, as losses in the Real Estate Investments & Services, Life Insurance and Financials sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.68%, while the SZSE Component index fell 1.78%.

The best performers of the session on the Shanghai Composite were Shenzhen Geoway Co Ltd (SS:600462), which rose 10.15% or 0.270 points to trade at 2.930 at the close. Meanwhile, DELIXI XINJIANG Transportation Co Ltd (SS:603032) added 10.02% or 2.30 points to end at 25.25 and Besttone Holding Co Ltd (SS:600640) was up 9.97% or 0.930 points to 10.260 in late trade.

The worst performers of the session were Nanjing Central Emporium Group Stocks Co Ltd (SS:600280), which fell 10.05% or 0.760 points to trade at 6.800 at the close. SEC Electric Machinery Co Ltd (SS:603988) declined 9.47% or 1.24 points to end at 11.86 and Fujian Anjoy Foods Co Ltd (SS:603345) was down 7.53% or 2.81 points to 34.49.

The top performers on the SZSE Component were Beijing Baofeng Technology Co Ltd (SZ:300431) which rose 10.00% to 13.20, Sieyuan Electric Co Ltd (SZ:002028) which was up 9.99% to settle at 15.97 and Yinji Entertainment Media Co Ltd (SZ:002143) which gained 9.97% to close at 3.53.

The worst performers were Shandong Qixing Iron Tower Co Ltd (SZ:002359) which was down 10.01% to 14.83 in late trade, Yangzhou Yangjie Electronic Technology Co Ltd (SZ:300373) which lost 10.01% to settle at 23.46 and Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which was down 8.08% to 6.60 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1238 to 174 and 34 ended unchanged.

Shares in Nanjing Central Emporium Group Stocks Co Ltd (SS:600280) fell to 52-week lows; losing 10.05% or 0.760 to 6.800. Shares in Shandong Qixing Iron Tower Co Ltd (SZ:002359) fell to 52-week lows; down 10.01% or 1.65 to 14.83. Shares in Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) fell to 3-years lows; losing 8.08% or 0.58 to 6.60.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 23.69.

Gold Futures for December delivery was down 0.02% or 0.20 to $1198.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.04% or 0.73 to hit $69.14 a barrel, while the November Brent oil contract fell 0.74% or 0.58 to trade at $77.59 a barrel.

USD/CNY was down 0.05% to 6.8411, while EUR/CNY fell 0.31% to 7.9029.

The US Dollar Index Futures was up 0.20% at 95.56.

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