1 month ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 0.72%

Investing.com – China stocks were lower after the close on Wednesday, as losses in the Software&Computer Services, Media and Technology

Investing.com – China stocks were lower after the close on Wednesday, as losses in the Software&Computer Services, Media and Technology sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.72%, while the SZSE Component index lost 1.07%.

The best performers of the session on the Shanghai Composite were Beijing Jingyuntong Technology Co Ltd (SS:601908), which rose 10.12% or 0.330 points to trade at 3.590 at the close. Meanwhile, Hainan Mining Co Ltd (SS:601969) added 10.07% or 0.42 points to end at 4.59 and Bomin Electronics Co Ltd (SS:603936) was up 10.04% or 1.430 points to 15.680 in late trade.

The worst performers of the session were Xining Special Steel Co Ltd (SS:600117), which fell 10.11% or 0.360 points to trade at 3.200 at the close. Hunan Tyen Machinery Co Ltd A (SS:600698) declined 10.10% or 0.390 points to end at 3.470 and Beijing Bashi Media Co Ltd (SS:600386) was down 10.09% or 0.470 points to 4.190.

The top performers on the SZSE Component were Suzhou Dongshan Precision Manufacturing Co Ltd (SZ:002384) which rose 10.00% to 10.45, Zhejiang Jingsheng Mech Electric (SZ:300316) which was up 9.97% to settle at 10.48 and Chinascholars Group Co Ltd (SZ:000547) which gained 7.12% to close at 9.63.

The worst performers were Guangdong Homa Appliances Co Ltd (SZ:002668) which was down 10.10% to 3.56 in late trade, Tatwah Smartech Co Ltd (SZ:002512) which lost 10.09% to settle at 3.83 and Shenzhen Ysstech Info-Tech Co Ltd (SZ:300377) which was down 10.01% to 9.71 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1153 to 284 and 48 ended unchanged.

Shares in Xining Special Steel Co Ltd (SS:600117) fell to 3-years lows; down 10.11% or 0.360 to 3.200. Shares in Hunan Tyen Machinery Co Ltd A (SS:600698) fell to 5-year lows; losing 10.10% or 0.390 to 3.470. Shares in Guangdong Homa Appliances Co Ltd (SZ:002668) fell to 5-year lows; losing 10.10% or 0.40 to 3.56. Shares in Tatwah Smartech Co Ltd (SZ:002512) fell to 5-year lows; falling 10.09% or 0.43 to 3.83. Shares in Shenzhen Ysstech Info-Tech Co Ltd (SZ:300377) fell to 52-week lows; down 10.01% or 1.08 to 9.71.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 22.22.

Gold Futures for February delivery was up 0.29% or 3.80 to $1312.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.08% or 0.04 to hit $53.27 a barrel, while the April Brent oil contract unchanged 0.00% or 0.00 to trade at $61.20 a barrel.

USD/CNY was down 0.26% to 6.7131, while EUR/CNY fell 0.24% to 7.6744.

The US Dollar Index Futures was down 0.01% at 95.502.