3 months ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 1.68%

Investing.com – China stocks were lower after the close on Thursday, as losses in the Technology Hardware&Equipment, Technology and Travel&Leisure

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

At the close in Shanghai, the Shanghai Composite declined 1.68%, while the SZSE Component index lost 2.44%.

The best performers of the session on the Shanghai Composite were Beijing Jingcheng Machinery Electric Co Ltd (SS:600860), which rose 10.00% or 0.510 points to trade at 5.610 at the close. Meanwhile, TongLing Zonfa Trinity Technology Co Ltd (SS:600520) added 9.98% or 1.35 points to end at 14.88 and Qinghaihuading Industrial Co Ltd (SS:600243) was up 9.93% or 0.440 points to 4.870 in late trade.

The worst performers of the session were Join in Holding Co Ltd (SS:600745), which fell 10.01% or 3.070 points to trade at 27.610 at the close. Shaanxi Broadcast&TV Network Intermediary Group Co Ltd (SS:600831) declined 10.00% or 0.740 points to end at 6.660 and Zhejiang Langdi Group Co Ltd (SS:603726) was down 10.00% or 2.970 points to 26.730.

The top performers on the SZSE Component were Sichuan Haite High-tech Co Ltd (SZ:002023) which rose 5.19% to 9.33, Beijing Chinese All Digital Publishing Co Ltd (SZ:300364) which was up 4.30% to settle at 6.07 and Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which gained 3.97% to close at 25.40.

The worst performers were Lepu Medical Tech Beijing (SZ:300003) which was down 10.00% to 29.87 in late trade, Betta Pharmaceuticals Co Ltd (SZ:300558) which lost 9.98% to settle at 38.26 and Shennan Circuits Co Ltd Class A (SZ:002916) which was down 9.66% to 75.00 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1270 to 184 and 22 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 26.29.

Gold Futures for February delivery was down 0.18% or 2.25 to $1240.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.36% or 0.19 to hit $52.70 a barrel, while the February Brent oil contract fell 0.37% or 0.23 to trade at $61.33 a barrel.

USD/CNY was up 0.43% to 6.8864, while EUR/CNY rose 0.28% to 7.7993.

The US Dollar Index Futures was up 0.14% at 97.145.