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China shares lower at close of trade; Shanghai Composite down 0.35%

Published 25/04/2018, 08:35
Updated 25/04/2018, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.35%

© Reuters. China shares lower at close of trade; Shanghai Composite down 0.35%

Investing.com – China equities were lower at the close on Wednesday, as losses in the Life Insurance, Real Estate Investments & Services and Financials sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.35%, while the SZSE Component index fell 0.09%.

The biggest gainers of the session on the Shanghai Composite were Starlake Bioscience Co Inc Zhaoqing Guangdong (SS:600866), which rose 10.11% or 0.440 points to trade at 4.790 at the close. Founder Technology Group Co Ltd (SS:600601) added 10.06% or 0.310 points to end at 3.390 and Ningbo Zhongbai Co Ltd (SS:600857) was up 10.03% or 1.060 points to 11.630 in late trade.

Biggest losers included Hunan Baili Engineering Sci & Tech Co Ltd (SS:603959), which lost 10.00% or 3.260 points to trade at 29.330 in late trade. Ningbo Peacebird Fashion Co Ltd (SS:603877) declined 9.06% or 2.73 points to end at 27.40 and Xiamen Overseas Chinese Electronic Co Ltd (SS:600870) shed 6.75% or 0.400 points to 5.530.

The top performers on the SZSE Component were Hangzhou New Century Info Tech (SZ:002280) which rose 10.06% to 7.00, Lepu Medical Tech Beijing (SZ:300003) which was up 10.01% to settle at 36.81 and Digital China Information Service Co Ltd (SZ:000555) which gained 10.00% to close at 15.84.

The worst performers were Cefc Anhui International Holding Co Ltd (SZ:002018) which was down 10.02% to 4.85 in late trade, Zhejiang Wanfeng Auto Wheel Co Ltd (SZ:002085) which lost 9.25% to settle at 9.12 and Hunan China Sun Pharma Machinery (SZ:300216) which was down 8.83% to 8.36 at the close.

Declining stocks outnumbered rising ones by 672 to 648 and 48 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.09% to 23.39.

In commodities trading, Gold Futures for June delivery was down 0.53% or 7.10 to $1325.90 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.03% or 0.02 to hit $67.72 a barrel, while the June Brent oil contract rose 0.12% or 0.09 to trade at $73.95 a barrel.

USD/CNY was up 0.09% to 6.3112, while EUR/CNY fell 0.19% to 7.6989.

The US Dollar Index Futures was up 0.30% at 90.83.

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