Investing.com – China stocks were lower after the close on Friday, as losses in the Telecoms, Mobile and Gas, Water & Multiutilities sectors led shares lower.
At the close in Shanghai, the Shanghai Composite declined 6.36%, while the SZSE Component index lost 6.03%.
The best performers of the session on the Shanghai Composite were Yueyang Paper (SS:600963), which rose 10.04% or 0.940 points to trade at 10.300 at the close. Meanwhile, Golden Eagle SS (SS:600232) added 10.03% or 0.930 points to end at 10.200 and New World (SS:600628) was up 10.02% or 1.730 points to 19.000 in late trade.
The worst performers of the session were Nanjing Steel (SS:600282), which fell 10.04% or 0.730 points to trade at 6.540 at the close. Sd Expressway (SS:600350) declined 10.04% or 1.110 points to end at 9.950 and Chutian Exp (SS:600035) was down 10.03% or 0.870 points to 7.800.
The top performers on the SZSE Component were BOE Technology Group Co Ltd (SZ:000725) which rose 0.39% to 5.16, Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which was unchanged 0% to settle at 44.55 and China Merchants Property Development Co Ltd (SZ:000024) which unchanged 0% to close at 31.96.
The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 10.01% to 55.04 in late trade, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which lost 9.98% to settle at 5.95 and Financial Street Holdings Co Ltd (SZ:000402) which was down 9.97% to 13.37 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 935 to 24.
Shares in Yueyang Paper (SS:600963) rose to 3-years highs; up 10.04% or 0.940 to 10.300. Shares in Golden Eagle SS (SS:600232) rose to all time highs; gaining 10.03% or 0.930 to 10.200. Shares in New World (SS:600628) rose to 3-years highs; gaining 10.02% or 1.730 to 19.000. Shares in Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) unchanged to 52-week highs; unchanged 0% or 0 to 44.55.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.86% to 30.24.
Gold for August delivery was down 0.27% or 3.20 to $1198.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.04% or 0.03 to hit $60.80 a barrel, while the August Brent oil contract rose 0.09% or 0.06 to trade at $64.32 a barrel.
USD/CNY was up 0.04% to 6.2101, while EUR/CNY fell 0.25% to 7.0345.
The US Dollar Index was up 0.23% at 94.43.