China shares lower at close of trade; Shanghai Composite down 1.21%

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China shares lower at close of trade; Shanghai Composite down 1.21%
Credit: © Reuters.

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

At the close in Shanghai, the Shanghai Composite declined 1.21%, while the SZSE Component index lost 1.97%.

The biggest gainers of the session on the Shanghai Composite were Henan Pinggao Electric Co Ltd (SS: 600312 ), which rose 10.08% or 0.500 points to trade at 5.460 at the close. SEC Electric Machinery Co Ltd (SS: 603988 ) added 10.04% or 1.15 points to end at 12.60 and Shangying Global Co Ltd (SS: 600146 ) was up 10.02% or 0.96 points to 10.54 in late trade.

Biggest losers included Jiangsu Yangnong Chemical Co Ltd (SS: 600486 ), which lost 10.00% or 4.870 points to trade at 43.850 in late trade. Nanjing Central Emporium Group Stocks Co Ltd (SS: 600280 ) declined 9.98% or 0.550 points to end at 4.960 and Shen Ma Industry Co Ltd (SS: 600810 ) shed 9.98% or 1.740 points to 15.700.

The top performers on the SZSE Component were Chongqing Pharscin Pharmaceutical Co Ltd (SZ: 002907 ) which rose 9.99% to 26.75, XJ Electric Co Ltd (SZ: 000400 ) which was up 9.96% to settle at 8.17 and Tangshan Jidong Cement Co Ltd (SZ: 000401 ) which gained 4.15% to close at 10.28.

The worst performers were Suzhou Dongshan Precision Manufacturing Co Ltd (SZ: 002384 ) which was down 10.01% to 13.94 in late trade, Luxshare Precision Industry Co Ltd (SZ: 002475 ) which lost 10.01% to settle at 16.09 and Shenzhen O-Film Tech Co Ltd (SZ: 002456 ) which was down 10.00% to 14.31 at the close.

Declining stocks outnumbered rising ones by 1241 to 170 and 32 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was up 0.98% to 24.72.

In commodities trading, Gold Futures for December delivery was down 0.15% or 1.80 to $1198.60 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.69% or 0.47 to hit $68.22 a barrel, while the November Brent oil contract rose 0.98% or 0.75 to trade at $77.58 a barrel.

USD/CNY was up 0.23% to 6.8604, while EUR/CNY rose 0.21% to 7.9239.

The US Dollar Index Futures was unchanged 0.00% at 95.38.

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