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China stocks lower at close of trade; Shanghai Composite down 0.36%

Published 06/09/2015, 03:35 AM
Updated 06/09/2015, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.36%

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Gas, Water & Multiutilities, Life Insurance and Financials sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.36%, while the SZSE Component index lost 0.30%.

The best performers of the session on the Shanghai Composite were Huatai Paper (SS:600308), which rose 10.05% or 0.840 points to trade at 9.200 at the close. Meanwhile, Cn First Heavy (SS:601106) added 10.02% or 1.910 points to end at 20.980 and Changhong Elec (SS:600839) was up 10.02% or 1.140 points to 12.520 in late trade.

The worst performers of the session were Wolong Real Es (SS:600173), which fell 10.02% or 1.320 points to trade at 11.860 at the close. Tianjin Global (SS:600800) declined 10.00% or 1.980 points to end at 17.820 and Xinhua Commer (SS:600785) was down 9.99% or 2.990 points to 26.940.

The top performers on the SZSE Component were Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which rose 9.94% to 5.97, Huayi Brothers Media Corp (SZ:300027) which was up 8.99% to settle at 52.98 and Suning Commerce Group Co Ltd (SZ:002024) which gained 5.57% to close at 21.24.

The worst performers were Financial Street Holdings Co Ltd (SZ:000402) which was down 3.65% to 14.26 in late trade, Jilin Aodong Pharmaceutical Group Co Ltd (SZ:000623) which lost 3.62% to settle at 44.41 and Weifu High-Technology Group Co Ltd (SZ:000581) which was down 3.28% to 38.06 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 492 to 453.

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Shares in Huatai Paper (SS:600308) rose to 3-years highs; gaining 10.05% or 0.840 to 9.200. Shares in Cn First Heavy (SS:601106) rose to all time highs; rising 10.02% or 1.910 to 20.980. Shares in Changhong Elec (SS:600839) rose to all time highs; rising 10.02% or 1.140 to 12.520. Shares in Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) rose to 52-week highs; rising 9.94% or 0.54 to 5.97. Shares in Huayi Brothers Media Corp (SZ:300027) rose to all time highs; up 8.99% or 4.37 to 52.98.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 2.57% to 32.29 a new 1-month high.

Gold for August delivery was up 0.13% or 1.50 to $1175.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.45% or 0.26 to hit $58.40 a barrel, while the July Brent oil contract rose 0.41% or 0.26 to trade at $62.95 a barrel.

USD/CNY was up 0.01% to 6.2060, while EUR/CNY fell 0.11% to 7.0002.

The US Dollar Index was up 0.13% at 95.34.

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