Investing.com – China stocks were mixed after the close on Monday, as gains in the Banking, Financials and Life Insurance sectors led shares higher while losses in the Oil Equipment Services & Distribution, Software & Computer Services and Technology sectors led shares lower.
At the close in Shanghai, the Shanghai Composite added 2.42%, while the SZSE Component index lost 1.39%.
The best performers of the session on the Shanghai Composite were China Molybden (SS:603993), which rose 10.04% or 1.110 points to trade at 12.170 at the close. Meanwhile, Gemdale (SS:600383) added 10.04% or 1.200 points to end at 13.150 and Fiberhome Tele (SS:600498) was up 10.03% or 1.950 points to 21.400 in late trade.
The worst performers of the session were Qingshan Paper (SS:600103), which fell 10.05% or 0.620 points to trade at 5.550 at the close. Lushang Proper (SS:600223) declined 10.05% or 0.780 points to end at 6.980 and Phoenix Proper (SS:600716) was down 10.05% or 0.830 points to 7.430.
The top performers on the SZSE Component were Yintai Resources Co Ltd (SZ:000975) which rose 10.03% to 16.90, Sealand Securities Co Ltd (SZ:000750) which was up 10.03% to settle at 14.26 and Oriental Energy Co Ltd (SZ:002221) which gained 10.01% to close at 26.59.
The worst performers were Tianjin Jinbin Development (SZ:000897) which was down 10.06% to 6.26 in late trade, Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which lost 10.04% to settle at 8.87 and Huamei Holding (SZ:000607) which was down 10.03% to 9.69 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 688 to 250.
Shares in Phoenix Proper (SS:600716) fell to 52-week lows; down 10.05% or 0.830 to 7.430.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.07% to 30.31.
Gold for August delivery was down 0.21% or 2.40 to $1165.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.82% or 0.46 to hit $55.06 a barrel, while the August Brent oil contract fell 1.02% or 0.61 to trade at $59.70 a barrel.
USD/CNY was up 0.05% to 6.2089, while EUR/CNY fell 0.43% to 6.8684.
The US Dollar Index was up 0.06% at 96.44.