Investing.com – China equities were lower at the close on Wednesday, as losses in the Banking, Electricity and Utilities sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite fell 0.79%, while the SZSE Component index fell 0.34%.
The biggest gainers of the session on the Shanghai Composite were Double Coin-B (SS:900909), which rose 10.04% or 0.085 points to trade at 0.932 at the close. Lianyungang Po (SS:601008) added 10.04% or 1.170 points to end at 12.820 and S Churin Group (SS:600891) was up 10.04% or 0.910 points to 9.970 in late trade.
Biggest losers included S Yizheng Chem (SS:600871), which lost 4.96% or 0.480 points to trade at 9.190 in late trade. Loncin Motor (SS:603766) declined 4.90% or 0.960 points to end at 18.630 and Humanwell (SS:600079) shed 4.70% or 1.730 points to 35.090.
The top performers on the SZSE Component were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which rose 10.00% to 32.89, Suning Commerce Group Co Ltd (SZ:002024) which was up 7.04% to settle at 13.69 and Weichai Power Co Ltd (SZ:000338) which gained 5.74% to close at 30.05.
The worst performers were Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was down 3.74% to 4.12 in late trade, Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which lost 2.94% to settle at 9.26 and Ping An Bank Co Ltd (SZ:000001) which was down 2.87% to 14.91 at the close.
Declining stocks outnumbered rising ones by 498 to 471 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 4.95% to 20.15 a new 6-month low.
In commodities trading, Gold for April delivery was down 0.07% or 0.80 to $1190.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.79% or 0.38 to hit $47.13 a barrel, while the May Brent oil contract fell 0.46% or 0.26 to trade at $54.91 a barrel.
USD/CNY was up 0.14% to 6.2143, while EUR/CNY rose 0.19% to 6.7940.
The US Dollar Index was down 0.12% at 97.31.