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

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China shares lower at close of trade; Shanghai Composite down 0.88%
Credit: © Reuters. – China equities were lower at the close on Tuesday, as losses in the Oil Equipment Services & Distribution , Media and Gas, Water & Multiutilities sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included Changzhou Tenglong Auto Parts Co Ltd (SS: 603158 ), which lost 10.02% or 1.64 points to trade at 14.73 in late trade. 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 ) shed 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.

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

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.

In commodities trading, Gold Futures for February delivery was up 1.14% or 14.40 to $1272.50 a troy ounce. Meanwhile, 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 6.8992, while EUR/CNY rose 0.03% to 7.8680.

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

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