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China stocks lower at close of trade; Shanghai Composite down 0.46%

Published 04/24/2015, 03:35 AM
Updated 04/24/2015, 03:35 AM
China stocks lower at close of trade; Shanghai Composite down 0.46%

China stocks lower at close of trade; Shanghai Composite down 0.46%

Investing.com – China stocks were lower after the close on Friday, as losses in the Life Insurance, Banking and Financials sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.46%, while the SZSE Component index lost 0.98%.

The best performers of the session on the Shanghai Composite were Cn Power Const (SS:601669), which rose 10.04% or 1.140 points to trade at 12.490 at the close. Meanwhile, Yunnan Yunwei (SS:600725) added 10.03% or 0.670 points to end at 7.350 and Bj Aritime (SS:600560) was up 10.03% or 1.590 points to 17.440 in late trade.

The worst performers of the session were Joeone (SS:601566), which fell 7.41% or 1.620 points to trade at 20.240 at the close. Everbright (SS:601788) declined 6.13% or 2.310 points to end at 35.350 and Electro-Optic (SS:600184) was down 5.09% or 1.470 points to 27.430.

The top performers on the SZSE Component were Leshi Internet Info Tech (SZ:300104) which rose 10.00% to 112.00, Chongqing Changan Automobile Co Ltd (SZ:000625) which was up 9.99% to settle at 24.55 and Weifu High-Technology Group Co Ltd (SZ:000581) which gained 6.96% to close at 38.10.

The worst performers were GF Securities Co Ltd (SZ:000776) which was down 4.01% to 28.70 in late trade, Suning Commerce Group Co Ltd (SZ:002024) which lost 3.32% to settle at 13.69 and Shenwan Hongyuan Group Co Ltd (SZ:000166) which was down 3.31% to 18.39 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 600 to 362.

Shares in Cn Power Const (SS:601669) rose to all time highs; up 10.04% or 1.140 to 12.490. Shares in Yunnan Yunwei (SS:600725) rose to 3-years highs; gaining 10.03% or 0.670 to 7.350. Shares in Bj Aritime (SS:600560) rose to all time highs; up 10.03% or 1.590 to 17.440. Shares in Leshi Internet Info Tech (SZ:300104) rose to all time highs; up 10.00% or 10.18 to 112.00. Shares in Chongqing Changan Automobile Co Ltd (SZ:000625) rose to all time highs; up 9.99% or 2.23 to 24.55. Shares in Weifu High-Technology Group Co Ltd (SZ:000581) rose to all time highs; rising 6.96% or 2.48 to 38.10.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.24% to 31.84.

Gold for June delivery was up 0.03% or 0.30 to $1194.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.15% or 0.09 to hit $57.66 a barrel, while the June Brent oil contract rose 0.19% or 0.12 to trade at $64.97 a barrel.

USD/CNY was down 0.01% to 6.1978, while EUR/CNY rose 0.58% to 6.7475.

The US Dollar Index was down 0.44% at 97.00.

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