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China shares lower at close of trade; Shanghai Composite down 0.71%

Published 14/01/2019, 07:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.71%
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600117
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Investing.com – China equities were lower at the close on Monday, as losses in the Travel & Leisure, Life Insurance and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.71%, while the SZSE Component index lost 0.87%.

The biggest gainers of the session on the Shanghai Composite were Xining Special Steel Co Ltd (SS:600117), which rose 10.14% or 0.350 points to trade at 3.800 at the close. Yunnan Coal & Energy Co Ltd (SS:600792) added 10.10% or 0.290 points to end at 3.160 and Jiangsu Rutong Petro-Machinery Co Ltd (SS:603036) was up 10.04% or 1.170 points to 12.820 in late trade.

Biggest losers included Jiangsu Sunshine Co Ltd (SS:600220), which lost 9.09% or 0.240 points to trade at 2.400 in late trade. Sunny Loan Top Co Ltd (SS:600830) declined 8.90% or 0.470 points to end at 4.810 and Beijing Tiantan Biological Products Corp Ltd (SS:600161) shed 8.12% or 1.570 points to 17.770.

The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ:000587) which rose 10.04% to 3.07, Zhejiang Longsheng Auto Parts Co Ltd (SZ:002625) which was up 9.96% to settle at 11.15 and Zhongshan Broad-Ocean Motor Co Ltd (SZ:002249) which gained 9.90% to close at 4.44.

The worst performers were Beijing Thunisoft Co Ltd (SZ:300271) which was down 10.00% to 13.95 in late trade, Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which lost 9.98% to settle at 29.13 and Konfoong Materials International Co Ltd (SZ:300666) which was down 9.96% to 36.88 at the close.

Declining stocks outnumbered rising ones by 959 to 441 and 80 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 21.31 a new 3-month low.

In commodities trading, Gold Futures for February delivery was up 0.17% or 2.25 to $1291.75 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.49% or 0.77 to hit $50.82 a barrel, while the March Brent oil contract fell 1.29% or 0.78 to trade at $59.70 a barrel.

USD/CNY was up 0.06% to 6.7666, while EUR/CNY rose 0.07% to 7.7581.

The US Dollar Index Futures was down 0.01% at 95.255.

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