China shares lower at close of trade; Shanghai Composite down 0.36%

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China shares lower at close of trade; Shanghai Composite down 0.36%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Thursday, as losses in the Real Estate Investments & Services , Telecoms and Mobile sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.36%, while the SZSE Component index declined 0.26%.

The biggest gainers of the session on the Shanghai Composite were Baoding Tianwei Baobian Electric Co Ltd (SS: 600550 ), which rose 10.10% or 0.410 points to trade at 4.470 at the close. XiAn Typical Industries Co Ltd (SS: 600302 ) added 10.10% or 0.500 points to end at 5.450 and Jiangsu Sunshine Co Ltd (SS: 600220 ) was up 10.09% or 0.220 points to 2.400 in late trade.

Biggest losers included Pengqi Technology Development Co Ltd B (SS: 900907 ), which lost 10.09% or 0.046 points to trade at 0.410 in late trade. ARTS Group Co Ltd (SS: 603017 ) declined 10.02% or 1.390 points to end at 12.480 and Pengqi Technology Development Co Ltd A (SS: 600614 ) shed 9.92% or 0.630 points to 5.720.

The top performers on the SZSE Component were Shenzhen Jiawei Photovoltaic Lighting Co Ltd (SZ: 300317 ) which rose 10.08% to 5.35, Guangzhou Friendship Group Co Ltd (SZ: 000987 ) which was up 10.04% to settle at 8.77 and Shenzhen Fenda Technology Co Ltd (SZ: 002681 ) which gained 10.04% to close at 5.04.

The worst performers were Shanghai Kingstar Winning Software (SZ: 300253 ) which was down 7.16% to 11.15 in late trade, Sealand Securities Co Ltd (SZ: 000750 ) which lost 6.51% to settle at 5.17 and Suzhou Victory Precision Manufacture Co Ltd (SZ: 002426 ) which was down 5.17% to 2.75 at the close.

Declining stocks outnumbered rising ones by 876 to 513 and 92 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 23.48 a new 3-month low.

In commodities trading, Gold Futures for February delivery was up 0.38% or 4.95 to $1296.95 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.20% or 0.63 to hit $51.73 a barrel, while the March Brent oil contract fell 1.11% or 0.68 to trade at $60.76 a barrel.

USD/CNY was down 0.45% to 6.7871, while EUR/CNY fell 0.25% to 7.8421.

The US Dollar Index Futures was down 0.04% at 94.750.

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