China shares lower at close of trade; Shanghai Composite down 1.81%

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China shares lower at close of trade; Shanghai Composite down 1.81%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Wednesday, as losses in the Real Estate Investments & Services , Oil Equipment Services & Distribution and Life Insurance sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 1.81%, while the SZSE Component index declined 1.89%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Shenhua Holdings Co Ltd (SS: 600653 ), which rose 10.10% or 0.200 points to trade at 2.180 at the close. Orient International Enterprise Ltd (SS: 600278 ) added 10.04% or 0.900 points to end at 9.860 and GuiZhou YongJi Printing Co Ltd (SS: 603058 ) was up 10.03% or 1.160 points to 12.720 in late trade.

Biggest losers included Jiangzhong Pharmaceutical Co Ltd (SS: 600750 ), which lost 8.79% or 1.560 points to trade at 16.190 in late trade. Guizhou Changzheng Tiancheng Holding Co Ltd (SS: 600112 ) declined 8.70% or 0.430 points to end at 4.510 and Hunan Fangsheng Pharmaceutical Co Ltd (SS: 603998 ) shed 8.60% or 0.64 points to 6.80.

The top performers on the SZSE Component were By health (SZ: 300146 ) which rose 10.02% to 20.09, Giant Network Group Co Ltd (SZ: 002558 ) which was up 10.00% to settle at 23.00 and Zhejiang Semir Garment Co Ltd (SZ: 002563 ) which gained 3.72% to close at 12.56.

The worst performers were Jilin Liyuan Precision Manufacturing Co Ltd (SZ: 002501 ) which was down 10.02% to 4.67 in late trade, Shanxi Meijin Energy Co Ltd (SZ: 000723 ) which lost 10.02% to settle at 4.40 and Vatti Corp Ltd (SZ: 002035 ) which was down 8.38% to 12.14 at the close.

Declining stocks outnumbered rising ones by 1187 to 211 and 29 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 3.77% to 21.45.

In commodities trading, Gold Futures for August delivery was down 0.25% or 3.00 to $1220.70 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.71% or 0.49 to hit $68.27 a barrel, while the October Brent oil contract fell 0.47% or 0.35 to trade at $73.86 a barrel.

USD/CNY was up 0.04% to 6.8135, while EUR/CNY rose 0.05% to 7.9664.

The US Dollar Index Futures was up 0.05% at 94.38.

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