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China shares lower at close of trade; Shanghai Composite down 1.57%

Stock MarketsMay 06, 2015 08:35
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© Reuters. China shares lower at close of trade; Shanghai Composite down 1.57%

Investing.com – China equities were lower at the close on Wednesday, as losses in the Travel & Leisure, Oil Equipment Services & Distribution and Electricity sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.57%, while the SZSE Component index lost 0.68%.

The biggest gainers of the session on the Shanghai Composite were Deluxe Family (SS:600503), which rose 10.08% or 0.670 points to trade at 7.320 at the close. Shanshan Co (SS:600884) added 10.00% or 2.820 points to end at 31.010 and Sunyard (SS:600571) was up 10.00% or 8.310 points to 91.420 in late trade.

Biggest losers included Jinfeng Invest (SS:600606), which lost 8.55% or 3.000 points to trade at 32.100 in late trade. Star Cable (SS:603333) declined 8.29% or 0.830 points to end at 9.180 and China Cnr (SS:601299) shed 8.22% or 2.680 points to 29.920.

The top performers on the SZSE Component were Suning Commerce Group Co Ltd (SZ:002024) which rose 9.99% to 15.41, Leshi Internet Info Tech (SZ:300104) which was up 8.90% to settle at 136.99 and Huayi Brothers Media Corp (SZ:300027) which gained 1.85% to close at 35.19.

The worst performers were Qinghai Salt Lake Industry Co Ltd (SZ:000792) which was down 5.55% to 26.53 in late trade, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which lost 4.59% to settle at 4.99 and TCL Corp (SZ:000100) which was down 4.44% to 5.59 at the close.

Declining stocks outnumbered rising ones by 729 to 241 on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 4.84% to 30.73.

In commodities trading, Gold for June delivery was up 0.01% or 0.10 to $1193.30 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.58% or 0.95 to hit $61.35 a barrel, while the June Brent oil contract rose 1.04% or 0.70 to trade at $68.22 a barrel.

USD/CNY was down 0.10% to 6.1990, while EUR/CNY rose 0.46% to 6.9757.

The US Dollar Index was down 0.53% at 94.77.

China shares lower at close of trade; Shanghai Composite down 1.57%
 

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