China shares lower at close of trade; Shanghai Composite down 0.72%

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China shares lower at close of trade; Shanghai Composite down 0.72%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Wednesday, as losses in the Software & Computer Services , Media and Technology sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.72%, while the SZSE Component index declined 1.07%.

The biggest gainers of the session on the Shanghai Composite were Beijing Jingyuntong Technology Co Ltd (SS: 601908 ), which rose 10.12% or 0.330 points to trade at 3.590 at the close. Hainan Mining Co Ltd (SS: 601969 ) added 10.07% or 0.42 points to end at 4.59 and Bomin Electronics Co Ltd (SS: 603936 ) was up 10.04% or 1.430 points to 15.680 in late trade.

Biggest losers included Xining Special Steel Co Ltd (SS: 600117 ), which lost 10.11% or 0.360 points to trade at 3.200 in late trade. Hunan Tyen Machinery Co Ltd A (SS: 600698 ) declined 10.10% or 0.390 points to end at 3.470 and Beijing Bashi Media Co Ltd (SS: 600386 ) shed 10.09% or 0.470 points to 4.190.

The top performers on the SZSE Component were Suzhou Dongshan Precision Manufacturing Co Ltd (SZ: 002384 ) which rose 10.00% to 10.45, Zhejiang Jingsheng Mech Electric (SZ: 300316 ) which was up 9.97% to settle at 10.48 and Chinascholars Group Co Ltd (SZ: 000547 ) which gained 7.12% to close at 9.63.

The worst performers were Guangdong Homa Appliances Co Ltd (SZ: 002668 ) which was down 10.10% to 3.56 in late trade, Tatwah Smartech Co Ltd (SZ: 002512 ) which lost 10.09% to settle at 3.83 and Shenzhen Ysstech Info-Tech Co Ltd (SZ: 300377 ) which was down 10.01% to 9.71 at the close.

Declining stocks outnumbered rising ones by 1153 to 284 and 48 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 22.22.

In commodities trading, Gold Futures for February delivery was up 0.30% or 3.95 to $1312.85 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.08% or 0.04 to hit $53.27 a barrel, while the April Brent oil contract fell 0.02% or 0.01 to trade at $61.19 a barrel.

USD/CNY was down 0.26% to 6.7130, while EUR/CNY fell 0.25% to 7.6739.

The US Dollar Index Futures was down 0.01% at 95.510.

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