China stocks lower at close of trade; Shanghai Composite down 0.35%
Investing.com
Published Apr 25, 2018 03:35AM ET
China stocks lower at close of trade; Shanghai Composite down 0.35%
Investing.com – China stocks were lower after the close on Wednesday, as losses in the Life Insurance, Real Estate Investments & Services and Financials sectors led shares lower.
At the close in Shanghai, the Shanghai Composite lost 0.35%, while the SZSE Component index declined 0.09%.
The best performers of the session on the Shanghai Composite were Starlake Bioscience Co Inc Zhaoqing Guangdong (SS:600866), which rose 10.11% or 0.440 points to trade at 4.790 at the close. Meanwhile, Founder Technology Group Co Ltd (SS:600601) added 10.06% or 0.310 points to end at 3.390 and Ningbo Zhongbai Co Ltd (SS:600857) was up 10.03% or 1.060 points to 11.630 in late trade.
The worst performers of the session were Hunan Baili Engineering Sci & Tech Co Ltd (SS:603959), which fell 10.00% or 3.260 points to trade at 29.330 at the close. Ningbo Peacebird Fashion Co Ltd (SS:603877) declined 9.06% or 2.73 points to end at 27.40 and Xiamen Overseas Chinese Electronic Co Ltd (SS:600870) was down 6.75% or 0.400 points to 5.530.
The top performers on the SZSE Component were Hangzhou New Century Info Tech (SZ:002280) which rose 10.06% to 7.00, Lepu Medical Tech Beijing (SZ:300003) which was up 10.01% to settle at 36.81 and Digital China Information Service Co Ltd (SZ:000555) which gained 10.00% to close at 15.84.
The worst performers were Cefc Anhui International Holding Co Ltd (SZ:002018) which was down 10.02% to 4.85 in late trade, Zhejiang Wanfeng Auto Wheel Co Ltd (SZ:002085) which lost 9.25% to settle at 9.12 and Hunan China Sun Pharma Machinery (SZ:300216) which was down 8.83% to 8.36 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 672 to 648 and 48 ended unchanged.
Shares in Xiamen Overseas Chinese Electronic Co Ltd (SS:600870) fell to 52-week lows; down 6.75% or 0.400 to 5.530. Shares in Cefc Anhui International Holding Co Ltd (SZ:002018) fell to 5-year lows; falling 10.02% or 0.54 to 4.85. Shares in Lepu Medical Tech Beijing (SZ:300003) rose to 3-years highs; up 10.01% or 3.35 to 36.81. Shares in Zhejiang Wanfeng Auto Wheel Co Ltd (SZ:002085) fell to 52-week lows; falling 9.25% or 0.93 to 9.12.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.09% to 23.39.
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Gold Futures for June delivery was down 0.54% or 7.20 to $1325.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.06% or 0.04 to hit $67.74 a barrel, while the June Brent oil contract rose 0.15% or 0.11 to trade at $73.97 a barrel.
USD/CNY was up 0.09% to 6.3113, while EUR/CNY fell 0.19% to 7.6989.
The US Dollar Index Futures was up 0.29% at 90.82.
Written By: Investing.com
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