China stocks lower at close of trade Shanghai Composite down...| MENAFN.COM

Saturday, 10 December 2022 03:05 GMT

China stocks lower at close of trade Shanghai Composite down 3.49%


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

At the close in Shanghai, the Shanghai Composite lost 3.49% to hit a new 1-month low, while the SZSE Component index declined 5.32%.

The best performers of the session on the Shanghai Composite were Cn Citic Bank (SS:601998), which rose 10.03% or 0.740 points to trade at 8.120 at the close. Meanwhile, Taiji Indust (SS:600667) added 10.03% or 0.640 points to end at 7.020 and Lawton Develop (SS:600209) was up 10.03% or 1.180 points to 12.950 in late trade.

The worst performers of the session were Shandong Iron (SS:600022), which fell 10.07% or 0.540 points to trade at 4.820 at the close. Bj North Star (SS:601588) declined 10.06% or 0.710 points to end at 6.350 and Dalong Weiye (SS:600159) was down 10.05% or 0.740 points to 6.620.

The top performers on the SZSE Component were Shanghai New Culture Media Gr (SZ:300336) which rose 10.01% to 25.17, Wonders Information (SZ:300168) which was up 5.35% to settle at 54.00 and Leshi Internet Info Tech (SZ:300104) which gained 4.93% to close at 57.50.

The worst performers were Yunnan Aluminium Co Ltd (SZ:000807) which was down 10.05% to 6.80 in late trade, Tianjin Economic-technological Development Area Co Ltd (SZ:000652) which lost 10.04% to settle at 8.24 and Luxi Chemical Group Co Ltd (SZ:000830) which was down 10.04% to 8.06 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 911 to 56.

Shares in Taiji Indust (SS:600667) rose to all time highs; gaining 10.03% or 0.640 to 7.020.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.12% to 30.95.
Gold for August delivery was down 0.50% or 5.80 to $1163.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.24% or 0.14 to hit $57.09 a barrel, while the August Brent oil contract rose 0.56% or 0.35 to trade at $62.36 a barrel.
USD/CNY was up 0.05% to 6.2048, while EUR/CNY rose 0.13% to 6.8625.
The US Dollar Index was up 0.12% at 96.59.


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