2 months ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 0.88%

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Oil Equipment Services&Distribution, Media and

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Oil Equipment Services&Distribution, Media and Gas, Water&Multiutilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.88% to hit a new 1-month low, while the SZSE Component index declined 0.81%.

The best performers of the session on the Shanghai Composite were Nanjing Textiles Import&Export Corp Ltd (SS:600250), which rose 10.03% or 0.740 points to trade at 8.120 at the close. Meanwhile, GuangDong Super Telecom Co Ltd (SS:603322) added 10.02% or 2.640 points to end at 29.000 and Eastern Communications Co Ltd A (SS:600776) was up 10.01% or 0.850 points to 9.340 in late trade.

The worst performers of the session were Changzhou Tenglong Auto Parts Co Ltd (SS:603158), which fell 10.02% or 1.64 points to trade at 14.73 at the close. Changyuan Group Ltd (SS:600525) declined 9.95% or 0.560 points to end at 5.070 and Gem-Year Industrial Co Ltd (SS:601002) was down 8.79% or 0.540 points to 5.600.

The top performers on the SZSE Component were Hunan TV&Broadcast Intermediary Co Ltd (SZ:000917) which rose 9.98% to 6.94, Gosuncn Technology Group Co Ltd Class A (SZ:300098) which was up 6.77% to settle at 6.62 and Tatwah Smartech Co Ltd (SZ:002512) which gained 4.32% to close at 6.04.

The worst performers were Shenzhen Techand Eco Environment (SZ:300197) which was down 9.89% to 3.92 in late trade, Wuhu Shunrong Auto Parts Co Ltd (SZ:002555) which lost 6.93% to settle at 9.80 and Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which was down 6.43% to 10.34 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1171 to 277 and 26 ended unchanged.

Shares in Changzhou Tenglong Auto Parts Co Ltd (SS:603158) fell to 3-years lows; down 10.02% or 1.64 to 14.73. Shares in Changyuan Group Ltd (SS:600525) fell to 5-year lows; down 9.95% or 0.560 to 5.070. Shares in Eastern Communications Co Ltd A (SS:600776) rose to 52-week highs; gaining 10.01% or 0.850 to 9.340. Shares in Shenzhen Techand Eco Environment (SZ:300197) fell to 5-year lows; losing 9.89% or 0.43 to 3.92. Shares in Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) fell to 5-year lows; falling 6.43% or 0.71 to 10.34.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 6.96% to 31.03 a new 1-month high.

Gold Futures for February delivery was up 1.14% or 14.40 to $1272.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 6.34% or 2.89 to hit $42.70 a barrel, while the March Brent oil contract fell 6.23% or 3.37 to trade at $50.73 a barrel.

USD/CNY was up 0.00% to 6.8993, while EUR/CNY rose 0.02% to 7.8670.

The US Dollar Index Futures was down 0.46% at 96.010.