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China shares lower at close of trade; Shanghai Composite down 1.36%

Published 08/06/2018, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.36%
FTXIN4151020
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Investing.com – China equities were lower at the close on Friday, as losses in the Real Estate Investments & Services, Telecoms and Mobile sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.36%, while the SZSE Component index lost 1.05%.

The biggest gainers of the session on the Shanghai Composite were Shandong Binzhou Bohai Piston Co Ltd (SS:600960), which rose 7.21% or 0.410 points to trade at 6.100 at the close. Aurora Optoelectronics Co Ltd (SS:600666) added 5.65% or 0.240 points to end at 4.490 and Fujian Longma Environmental Sanitation Equipment Co Ltd (SS:603686) was up 5.28% or 1.25 points to 24.93 in late trade.

Biggest losers included Henan Yinge Industrial Investment Co Ltd (SS:600069), which lost 10.04% or 0.560 points to trade at 5.020 in late trade. Shenji Group Kunming Machine Tool Co Ltd (SS:600806) declined 10.03% or 0.310 points to end at 2.780 and Jien Nickel (SS:600432) shed 9.94% or 0.320 points to 2.900.

The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ:002681) which rose 9.98% to 10.03, Hengyi Petrochemical Co Ltd (SZ:000703) which was up 5.51% to settle at 17.03 and Xinjiang Beixin Road&Bridge Group Co Ltd (SZ:002307) which gained 4.53% to close at 7.38.

The worst performers were Zhejiang Transfar Co Ltd (SZ:002010) which was down 9.98% to 13.89 in late trade, Zhejiang Narada Power Source (SZ:300068) which lost 9.97% to settle at 14.27 and Beijing Water Business Doctor (SZ:300055) which was down 9.15% to 12.12 at the close.

Declining stocks outnumbered rising ones by 1103 to 263 and 18 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 19.11.

In commodities trading, Gold Futures for August delivery was down 0.20% or 2.60 to $1300.40 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.47% or 0.31 to hit $65.64 a barrel, while the August Brent oil contract fell 0.49% or 0.38 to trade at $76.94 a barrel.

USD/CNY was up 0.24% to 6.4091, while EUR/CNY rose 0.04% to 7.5462.

The US Dollar Index Futures was up 0.12% at 93.54.

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