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China shares lower at close of trade; Shanghai Composite down 0.26%

Published 08/01/2019, 06:35 pm
Updated 08/01/2019, 06:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.26%

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

At the close in Shanghai, the Shanghai Composite fell 0.26%, while the SZSE Component index declined 0.12%.

The biggest gainers of the session on the Shanghai Composite were Jinzhou Port Co Ltd A (SS:600190), which rose 10.07% or 0.280 points to trade at 3.060 at the close. Pengqi Technology Development Co Ltd A (SS:600614) added 10.06% or 0.530 points to end at 5.800 and Holsin Engineering Consulting Group Co Ltd (SS:603909) was up 10.02% or 2.610 points to 28.670 in late trade.

Biggest losers included Wuxi New Hongtai Electrical Technology Co Ltd (SS:603016), which lost 9.98% or 2.440 points to trade at 22.010 in late trade. Pengqi Technology Development Co Ltd B (SS:900907) declined 9.82% or 0.054 points to end at 0.496 and BTG Hotels Group Co Ltd (SS:600258) shed 7.18% or 1.090 points to 14.100.

The top performers on the SZSE Component were JPMF Guangdong Co Ltd (SZ:002600) which rose 10.12% to 2.83, Shenzhen Fenda Technology Co Ltd (SZ:002681) which was up 10.05% to settle at 4.16 and Suzhou Victory Precision Manufacture Co Ltd (SZ:002426) which gained 10.00% to close at 2.64.

The worst performers were Tianjin Zhonghuan Semiconductor Co Ltd (SZ:002129) which was down 7.25% to 7.04 in late trade, Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which lost 5.73% to settle at 6.75 and Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which was down 5.26% to 6.13 at the close.

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Declining stocks outnumbered rising ones by 831 to 563 and 86 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.80% to 24.83 a new 1-month low.

In commodities trading, Gold Futures for February delivery was down 0.53% or 6.80 to $1283.10 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.14% or 0.07 to hit $48.59 a barrel, while the March Brent oil contract rose 0.21% or 0.12 to trade at $57.45 a barrel.

USD/CNY was up 0.10% to 6.8577, while EUR/CNY fell 0.15% to 7.8483.

The US Dollar Index Futures was up 0.24% at 95.455.

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