China stocks lower at close of trade Shanghai Composite down 2.20%


(MENAFN- FxPro) China stocks were lower after the close on Thursday, as losses in the Travel&Leisure, Telecoms and Mobile sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 2.20%, while the SZSE Component index fell 3.33%.

The best performers of the session on the Shanghai Composite were Dunhuang Seed (SS:600354), which rose 10.06% or 0.870 points to trade at 9.520 at the close. Meanwhile, Lianyungang Po (SS:601008) added 10.01% or 0.710 points to end at 7.800 and Ningbo Marine (SS:600798) was up 10.01% or 0.810 points to 8.900 in late trade.

The worst performers of the session were Panda Firework (SS:600599), which fell 10.01% or 2.870 points to trade at 25.800 at the close. Zhongfa Suntec (SS:600520) declined 10.01% or 2.52 points to end at 22.65 and Hundsun Tech (SS:600570) was down 10.00% or 7.200 points to 64.800.

The top performers on the SZSE Component were Guizhou Space Appliance Co Ltd (SZ:002025) which rose 10.00% to 38.38, Shandong Mining Machinery Group Co Ltd (SZ:002526) which was up 10.00% to settle at 10.45 and Beijing BDStar Navigation Co Ltd (SZ:002151) which gained 10.00% to close at 41.13.

The worst performers were Hubei Dinglong Chemical (SZ:300054) which was down 10.02% to 19.22 in late trade, Hand Enterprise Solutions Co (SZ:300170) which lost 10.01% to settle at 19.78 and Shenzhen Aisidi Co Ltd (SZ:002416) which was down 10.00% to 16.74 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 788 to 186.

Shares in Guizhou Space Appliance Co Ltd (SZ:002025) rose to all time highs; up 10.00% or 3.49 to 38.38.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.51% to 30.97.

Gold for December delivery was down 0.66% or 7.20 to $1086.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.32% or 0.15 to hit $48.95 a barrel, while the September Brent oil contract rose 0.90% or 0.48 to trade at $53.86 a barrel.

USD/CNY was up 0.01% to 6.2097, while EUR/CNY fell 0.29% to 6.8011.

The US Dollar Index was up 0.21% at 97.42.


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