Investing.com – China equities were lower at the close on Wednesday, as losses in the Telecoms, Mobile and Oil Equipment Services & Distribution sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite declined 0.33% to hit a new 52-week low, while the SZSE Component index lost 0.70%.
The biggest gainers of the session on the Shanghai Composite were Zhejiang Rongsheng Environmental Protection Paper Co Ltd (SS:603165), which rose 10.00% or 1.62 points to trade at 17.82 at the close. Ningbo Fuda Co Ltd (SS:600724) added 10.00% or 0.330 points to end at 3.630 and Guizhou Guihang Automotive Components Co Ltd (SS:600523) was up 10.00% or 0.810 points to 8.910 in late trade.
Biggest losers included Jonjee Hi-tech Industrial and Commercial Holding Co Ltd (SS:600872), which lost 5.81% or 1.700 points to trade at 27.580 in late trade. Tc Medical Inv (SS:600763) declined 5.16% or 2.630 points to end at 48.300 and Laobaixing Pharmacy Chain Joint Stock Co (SS:603883) shed 5.16% or 3.010 points to 55.350.
The top performers on the SZSE Component were Leo Group Co Ltd (SZ:002131) which rose 9.84% to 2.01, EVE Energy (SZ:300014) which was up 9.25% to settle at 13.70 and Zhejiang Hexin Industry Group Co Ltd (SZ:002343) which gained 7.51% to close at 12.74.
The worst performers were Zhejiang Dahua Technology Co Ltd (SZ:002236) which was down 10.01% to 14.02 in late trade, Xinzhi Motor Co Ltd (SZ:002664) which lost 9.99% to settle at 19.20 and Jiangsu Nhwa Pharmaceutical Co Ltd (SZ:002262) which was down 9.99% to 16.03 at the close.
Advancing stocks outnumbered falling ones by 736 to 586 and 123 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 25.03.
In commodities trading, Gold Futures for December delivery was down 0.22% or 2.70 to $1199.50 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.77% or 0.53 to hit $69.78 a barrel, while the November Brent oil contract rose 0.08% or 0.06 to trade at $79.12 a barrel.
USD/CNY was down 0.01% to 6.8717, while EUR/CNY fell 0.15% to 7.9633.
The US Dollar Index Futures was up 0.12% at 95.16.