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China shares lower at close of trade; Shanghai Composite down 1.32%

Published 29/11/2018, 06:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.32%
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Investing.com – China equities were lower at the close on Thursday, as losses in the Media, Technology and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 1.32% to hit a new 1-month low, while the SZSE Component index lost 2.06%.

The biggest gainers of the session on the Shanghai Composite were YanTai Yuancheng Gold Co Ltd (SS:600766), which rose 10.07% or 0.750 points to trade at 8.200 at the close. Shanghai Kindly Enterprise Development Group Co Ltd (SS:603987) added 10.05% or 0.630 points to end at 6.900 and Suzhou Kelida Building & Decoration Co Ltd (SS:603828) was up 10.05% or 0.740 points to 8.100 in late trade.

Biggest losers included Shanghai Xinhua Media Co Ltd (SS:600825), which lost 10.06% or 0.640 points to trade at 5.720 in late trade. Ginwa Enterprise Group Inc (SS:600080) declined 9.51% or 1.230 points to end at 11.700 and Shanghai Chinafortune Co Ltd (SS:600621) shed 9.49% or 0.930 points to 8.870.

The top performers on the SZSE Component were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which rose 10.03% to 8.12, Hunan Gold Corp Ltd (SZ:002155) which was up 4.35% to settle at 6.96 and Yintai Resources Co Ltd (SZ:000975) which gained 4.26% to close at 8.32.

The worst performers were Zhonghong Holding Co Ltd (SZ:000979) which was down 10.34% to 0.26 in late trade, Beijing Watertek Information Technology Co Ltd (SZ:300324) which lost 10.01% to settle at 8.54 and Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 9.98% to 16.68 at the close.

Declining stocks outnumbered rising ones by 1307 to 144 and 23 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 29.68.

In commodities trading, Gold Futures for February delivery was up 0.43% or 5.30 to $1232.70 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.48% or 0.24 to hit $50.55 a barrel, while the February Brent oil contract rose 0.03% or 0.02 to trade at $59.11 a barrel.

USD/CNY was down 0.19% to 6.9408, while EUR/CNY rose 0.04% to 7.9073.

The US Dollar Index Futures was down 0.11% at 96.575.

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