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China shares lower at close of trade; Shanghai Composite down 1.28%

Published 01/09/2015, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.28%
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Investing.com – China equities were lower at the close on Tuesday, as losses in the Software & Computer Services, Technology Hardware & Equipment and Retailers sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.28%, while the SZSE Component index declined 3.67%.

The biggest gainers of the session on the Shanghai Composite were Xinyu Iron (SS:600782), which rose 10.00% or 0.49 points to trade at 5.39 at the close. Benefo (SS:600468) added 10.00% or 1.250 points to end at 13.750 and Constr Bank (SS:601939) was up 8.70% or 0.450 points to 5.620 in late trade.

Biggest losers included Lianyungang Po (SS:601008), which lost 10.06% or 0.710 points to trade at 6.350 in late trade. Citic Heavy In (SS:601608) declined 10.06% or 0.720 points to end at 6.440 and Highly (SS:600619) shed 10.05% or 0.880 points to 7.880.

The top performers on the SZSE Component were Western Securities Co Ltd (SZ:002673) which rose 4.91% to 17.32, Guizhou Bailing Group Pharmaceutical Co Ltd (SZ:002424) which was up 4.87% to settle at 54.95 and Zhejiang Jingxing Paper Joint Stock Co Ltd (SZ:002067) which gained 4.80% to close at 5.68.

The worst performers were Tianma Bearing Group Co Ltd (SZ:002122) which was down 10.06% to 6.35 in late trade, Shanghai Luxin Packing Materials Science&Technology Co Ltd (SZ:002565) which lost 10.05% to settle at 6.80 and Risen Energy (SZ:300118) which was down 10.04% to 9.23 at the close.

Declining stocks outnumbered rising ones by 824 to 115 on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.59% to 45.58.

In commodities trading, Gold for December delivery was up 0.98% or 11.10 to $1143.60 a troy ounce. Meanwhile, Crude oil for delivery in October fell 3.18% or 1.56 to hit $47.63 a barrel, while the October Brent oil contract fell 2.77% or 1.50 to trade at $52.65 a barrel.

USD/CNY was down 0.10% to 6.3701, while EUR/CNY rose 0.70% to 7.1997.

The US Dollar Index was down 0.65% at 95.33.

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