China stocks lower at close of trade; Shanghai Composite down 1.57%
Investing.com
Published May 06, 2015 03:35AM ET
China stocks lower at close of trade; Shanghai Composite down 1.57%
Investing.com – China stocks were lower after the close on Wednesday, as losses in the Travel & Leisure, Oil Equipment Services & Distribution and Electricity sectors led shares lower.
At the close in Shanghai, the Shanghai Composite fell 1.57%, while the SZSE Component index declined 0.68%.
The best performers of the session on the Shanghai Composite were Deluxe Family (SS:600503), which rose 10.08% or 0.670 points to trade at 7.320 at the close. Meanwhile, Shanshan Co (SS:600884) added 10.00% or 2.820 points to end at 31.010 and Sunyard (SS:600571) was up 10.00% or 8.310 points to 91.420 in late trade.
The worst performers of the session were Jinfeng Invest (SS:600606), which fell 8.55% or 3.000 points to trade at 32.100 at the close. Star Cable (SS:603333) declined 8.29% or 0.830 points to end at 9.180 and China Cnr (SS:601299) was down 8.22% or 2.680 points to 29.920.
The top performers on the SZSE Component were Suning Commerce Group Co Ltd (SZ:002024) which rose 9.99% to 15.41, Leshi Internet Info Tech (SZ:300104) which was up 8.90% to settle at 136.99 and Huayi Brothers Media Corp (SZ:300027) which gained 1.85% to close at 35.19.
The worst performers were Qinghai Salt Lake Industry Co Ltd (SZ:000792) which was down 5.55% to 26.53 in late trade, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which lost 4.59% to settle at 4.99 and TCL Corp (SZ:000100) which was down 4.44% to 5.59 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 729 to 241.
Shares in Deluxe Family (SS:600503) rose to 3-years highs; up 10.08% or 0.670 to 7.320. Shares in Shanshan Co (SS:600884) rose to all time highs; up 10.00% or 2.820 to 31.010. Shares in Sunyard (SS:600571) rose to all time highs; up 10.00% or 8.310 to 91.420. Shares in Suning Commerce Group Co Ltd (SZ:002024) rose to 52-week highs; up 9.99% or 1.40 to 15.41. Shares in Leshi Internet Info Tech (SZ:300104) rose to all time highs; rising 8.90% or 11.20 to 136.99.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.84% to 30.73.
Gold for June delivery was up 0.02% or 0.20 to $1193.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.61% or 0.97 to hit $61.38 a barrel, while the June Brent oil contract rose 1.07% or 0.72 to trade at $68.24 a barrel.
USD/CNY was down 0.10% to 6.1990, while EUR/CNY rose 0.46% to 6.9757.
The US Dollar Index was down 0.54% at 94.75.
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Written By: Investing.com
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