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China shares lower at close of trade; Shanghai Composite down 1.53%

Published 16/04/2018, 05:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.53%
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Investing.com – China equities were lower at the close on Monday, as losses in the Real Estate Investments & Services, Banking and Financials sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 1.53% to hit a new 6-month low, while the SZSE Component index fell 0.61%.

The biggest gainers of the session on the Shanghai Composite were China Hainan Rubber Industry Group Co Ltd (SS:601118), which rose 10.03% or 0.620 points to trade at 6.800 at the close. Linewell Software Co Ltd (SS:603636) added 10.02% or 1.230 points to end at 13.500 and Hainan Mining Co Ltd (SS:601969) was up 10.01% or 0.77 points to 8.46 in late trade.

Biggest losers included Shanghai Hongda Mining Co Ltd (SS:600532), which lost 10.02% or 0.810 points to trade at 7.270 in late trade. Taiyuan Lionhead Cement Co Ltd (SS:600539) declined 10.01% or 1.040 points to end at 9.350 and Shanghai Feilo Acoustics Co Ltd (SS:600651) shed 10.01% or 0.79 points to 7.10.

The top performers on the SZSE Component were Inspur Electronic Info Industr (SZ:000977) which rose 10.02% to 25.810, Telling Telecommunication Holding Co Ltd (SZ:000829) which was up 10.02% to settle at 9.77 and Shenzhen InfoGem Technologies Co Ltd (SZ:300085) which gained 10.01% to close at 17.58.

The worst performers were Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which was down 10.06% to 4.20 in late trade, Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) which lost 10.05% to settle at 5.91 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which was down 8.81% to 6.73 at the close.

Declining stocks outnumbered rising ones by 1020 to 331 and 21 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.45% to 24.26.

In commodities trading, Gold Futures for June delivery was down 0.21% or 2.80 to $1345.10 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.57% or 1.06 to hit $66.33 a barrel, while the June Brent oil contract fell 1.72% or 1.25 to trade at $71.33 a barrel.

USD/CNY was up 0.08% to 6.2834, while EUR/CNY rose 0.12% to 7.7501.

The US Dollar Index Futures was down 0.08% at 89.44.

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