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China shares lower at close of trade; Shanghai Composite down 2.06%

Published 29/09/2015, 08:35
China shares lower at close of trade; Shanghai Composite down 2.06%

Investing.com – China equities were lower at the close on Tuesday, as losses in the Life Insurance, Software & Computer Services and Technology sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 2.06%, while the SZSE Component index fell 1.64%.

The biggest gainers of the session on the Shanghai Composite were P2P Financial Information Service Co Ltd (SS:600696), which rose 10.05% or 0.860 points to trade at 9.420 at the close. Gangjiu (SS:600279) added 10.04% or 0.920 points to end at 10.080 and Lucky Film (SS:600135) was up 10.04% or 1.110 points to 12.170 in late trade.

Biggest losers included Kailuan (SS:600997), which lost 10.02% or 0.610 points to trade at 5.480 in late trade. Xinjiang Tiany (SS:600075) declined 10.01% or 1.05 points to end at 9.44 and Ningbo Marine (SS:600798) shed 10.00% or 0.670 points to 6.030.

The top performers on the SZSE Component were Zhejiang Satellite Petrochemical Co Ltd (SZ:002648) which rose 10.05% to 9.09, Anhui Huilong Agricultural Means of Production Co Ltd (SZ:002556) which was up 10.04% to settle at 14.14 and Beingmate Baby & Child Food Co Ltd (SZ:002570) which gained 10.04% to close at 14.03.

The worst performers were Shanghai STEP Electric Corp (SZ:002527) which was down 10.00% to 18.27 in late trade, Shenzhen Hepalink Pharmaceutical Co Ltd (SZ:002399) which lost 9.96% to settle at 24.06 and Shenzhen Yan Tian Port Holdings Co Ltd (SZ:000088) which was down 9.36% to 7.36 at the close.

Declining stocks outnumbered rising ones by 824 to 133 on the Shanghai Stock Exchange.

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The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 7.76% to 43.47.

In commodities trading, Gold for December delivery was down 0.42% or 4.70 to $1127.00 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.59% or 0.26 to hit $44.69 a barrel, while the November Brent oil contract rose 0.59% or 0.28 to trade at $47.62 a barrel.

USD/CNY was down 0.10% to 6.3627, while EUR/CNY fell 0.10% to 7.1539.

The US Dollar Index was down 0.05% at 96.09.

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