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China shares lower at close of trade; Shanghai Composite down 0.20%

Published 07/06/2018, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.20%
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Investing.com – China equities were lower at the close on Thursday, as losses in the Electricity, Retailers and Utilities sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.20%, while the SZSE Component index lost 0.49%.

The biggest gainers of the session on the Shanghai Composite were Anyang Iron & Steel Inc (SS:600569), which rose 10.09% or 0.340 points to trade at 3.710 at the close. Ningbo Techmation Co Ltd (SS:603015) added 10.05% or 0.780 points to end at 8.540 and Riyue Heavy Industry Co Ltd (SS:603218) was up 10.01% or 1.920 points to 21.100 in late trade.

Biggest losers included Jien Nickel (SS:600432), which lost 10.06% or 0.360 points to trade at 3.220 in late trade. Shenji Group Kunming Machine Tool Co Ltd (SS:600806) declined 9.91% or 0.340 points to end at 3.090 and Jason Furniture Hangzhou Co Ltd (SS:603816) shed 6.18% or 4.680 points to 71.000.

The top performers on the SZSE Component were Beijing Shunxin Agriculture Co Ltd (SZ:000860) which rose 9.43% to 37.25, Shandong Himile Mechanical Science & Technology Co Ltd (SZ:002595) which was up 7.83% to settle at 16.52 and Sansteel MinGuang Co Ltd Fujian (SZ:002110) which gained 5.66% to close at 16.05.

The worst performers were Juli Sling Co Ltd (SZ:002342) which was down 7.31% to 4.69 in late trade, Guangzhou Haige Communications Group Incorporated Co (SZ:002465) which lost 7.28% to settle at 8.91 and Beijing Sinnet Technology Co Ltd (SZ:300383) which was down 6.43% to 13.24 at the close.

Declining stocks outnumbered rising ones by 964 to 365 and 54 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 18.59 a new 3-month low.

In commodities trading, Gold Futures for August delivery was up 0.08% or 1.00 to $1302.40 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.39% or 0.25 to hit $64.98 a barrel, while the August Brent oil contract rose 0.58% or 0.44 to trade at $75.80 a barrel.

USD/CNY was up 0.03% to 6.3900, while EUR/CNY rose 0.46% to 7.5556.

The US Dollar Index Futures was down 0.34% at 93.29.

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