2 months ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 0.71%

Investing.com – China stocks were lower after the close on Monday, as losses in the Travel&Leisure, Life Insurance and Technology

Investing.com – China stocks were lower after the close on Monday, as losses in the Travel&Leisure, Life Insurance and Technology Hardware&Equipment sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.71%, while the SZSE Component index declined 0.87%.

The best performers of the session on the Shanghai Composite were Xining Special Steel Co Ltd (SS:600117), which rose 10.14% or 0.350 points to trade at 3.800 at the close. Meanwhile, Yunnan Coal&Energy Co Ltd (SS:600792) added 10.10% or 0.290 points to end at 3.160 and Jiangsu Rutong Petro-Machinery Co Ltd (SS:603036) was up 10.04% or 1.170 points to 12.820 in late trade.

The worst performers of the session were Jiangsu Sunshine Co Ltd (SS:600220), which fell 9.09% or 0.240 points to trade at 2.400 at the close. Sunny Loan Top Co Ltd (SS:600830) declined 8.90% or 0.470 points to end at 4.810 and Beijing Tiantan Biological Products Corp Ltd (SS:600161) was down 8.12% or 1.570 points to 17.770.

The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ:000587) which rose 10.04% to 3.07, Zhejiang Longsheng Auto Parts Co Ltd (SZ:002625) which was up 9.96% to settle at 11.15 and Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which gained 9.90% to close at 4.44.

The worst performers were Beijing Thunisoft Co Ltd (SZ:300271) which was down 10.00% to 13.95 in late trade, Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which lost 9.98% to settle at 29.13 and Konfoong Materials International Co Ltd (SZ:300666) which was down 9.96% to 36.88 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 959 to 441 and 80 ended unchanged.

Shares in Konfoong Materials International Co Ltd (SZ:300666) fell to 52-week lows; losing 9.96% or 4.08 to 36.88.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.31 a new 3-months low.

Gold Futures for February delivery was up 0.17% or 2.15 to $1291.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.51% or 0.78 to hit $50.81 a barrel, while the March Brent oil contract fell 1.32% or 0.80 to trade at $59.68 a barrel.

USD/CNY was up 0.06% to 6.7665, while EUR/CNY rose 0.07% to 7.7580.

The US Dollar Index Futures was up 0.00% at 95.268.