3 months ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 0.82%

Investing.com – China stocks were lower after the close on Monday, as losses in the Life Insurance, Real Estate Investments&Services

Investing.com – China stocks were lower after the close on Monday, as losses in the Life Insurance, Real Estate Investments&Services and Financials sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.82%, while the SZSE Component index declined 1.41%.

The best performers of the session on the Shanghai Composite were Eastern Communications Co Ltd A (SS:600776), which rose 10.06% or 0.640 points to trade at 7.000 at the close. Meanwhile, G-bits Network Technology Xiamen Co Ltd (SS:603444) added 9.26% or 12.55 points to end at 148.01 and Zhejiang Shengyang Science&Technology Co Ltd (SS:603703) was up 7.51% or 0.670 points to 9.590 in late trade.

The worst performers of the session were Wintime Energy Co Ltd (SS:600157), which fell 10.18% or 0.170 points to trade at 1.500 at the close. Liaoning SG Automotive Group Co Ltd (SS:600303) declined 10.00% or 0.470 points to end at 4.230 and Beijing Jingcheng Machinery Electric Co Ltd (SS:600860) was down 10.00% or 0.570 points to 5.130.

The top performers on the SZSE Component were Wuhu Shunrong Auto Parts Co Ltd (SZ:002555) which rose 8.64% to 12.58, Guangdong Eastone Century Technology Co Ltd (SZ:300310) which was up 7.00% to settle at 5.20 and Yintai Resources Co Ltd (SZ:000975) which gained 4.95% to close at 9.11.

The worst performers were Lepu Medical Tech Beijing (SZ:300003) which was down 10.01% to 24.19 in late trade, Zhejiang Longsheng Auto Parts Co Ltd (SZ:002625) which lost 10.01% to settle at 8.72 and Songcheng Performance Develop (SZ:300144) which was down 10.00% to 20.08 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1119 to 321 and 37 ended unchanged.

Shares in Wintime Energy Co Ltd (SS:600157) fell to 5-year lows; falling 10.18% or 0.170 to 1.500.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 27.90.

Gold Futures for February delivery was up 0.04% or 0.45 to $1253.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.15% or 0.08 to hit $52.53 a barrel, while the February Brent oil contract rose 0.63% or 0.39 to trade at $62.06 a barrel.

USD/CNY was up 0.51% to 6.9093, while EUR/CNY rose 0.82% to 7.8996.

The US Dollar Index Futures was down 0.01% at 96.468.