China shares lower at close of trade; Shanghai Composite down 0.63%

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China shares lower at close of trade; Shanghai Composite down 0.63%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Thursday, as losses in the Oil Equipment Services & Distribution , Technology Hardware & Equipment and Technology sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.63%, while the SZSE Component index lost 0.94%.

The biggest gainers of the session on the Shanghai Composite were Tianjin Quanyechang Group Co Ltd (SS: 600821 ), which rose 10.10% or 0.500 points to trade at 5.450 at the close. ZhongTongGuoMai Communication Co Ltd (SS: 603559 ) added 10.00% or 2.040 points to end at 22.450 and Jiangsu Jiangnan High Polymer Fiber Co Ltd (SS: 600527 ) was up 10.00% or 0.240 points to 2.640 in late trade.

Biggest losers included China Resources Double-Crane Pharmaceutical Co Ltd (SS: 600062 ), which lost 17.03% or 3.70 points to trade at 18.03 in late trade. ButOne Information Corp XiAn (SS: 600455 ) declined 10.00% or 2.670 points to end at 24.030 and Shangying Global Co Ltd (SS: 600146 ) shed 10.00% or 2.00 points to 18.00.

The top performers on the SZSE Component were Western Securities Co Ltd (SZ: 002673 ) which rose 6.78% to 7.72, Shenzhen Worldunion Properties Consultancy Inc (SZ: 002285 ) which was up 5.48% to settle at 6.55 and Beijing Sinnet Technology Co Ltd (SZ: 300383 ) which gained 4.66% to close at 15.26.

The worst performers were Searainbow Holding Corp (SZ: 000503 ) which was down 10.00% to 20.25 in late trade, Henan Shuanghui Investment & Development Co Ltd (SZ: 000895 ) which lost 10.00% to settle at 22.41 and Harbin Gloria Pharmaceuticals (SZ: 002437 ) which was down 8.70% to 4.20 at the close.

Declining stocks outnumbered rising ones by 1055 to 325 and 54 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was up 17.94% to 26.17 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 0.08% or 1.00 to $1184.00 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.03% or 0.02 to hit $65.03 a barrel, while the October Brent oil contract rose 0.38% or 0.27 to trade at $71.03 a barrel.

USD/CNY was down 0.39% to 6.9075, while EUR/CNY fell 0.24% to 7.8514.

The US Dollar Index Futures was down 0.11% at 96.48.

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