Investing.com – China stocks were lower after the close on Thursday, as losses in the Software & Computer Services, Technology and Gas, Water & Multiutilities sectors led shares lower.
At the close in Shanghai, the Shanghai Composite declined 3.44%, while the SZSE Component index lost 3.80%.
The best performers of the session on the Shanghai Composite were Yueyang Paper (SS:600963), which rose 10.05% or 1.060 points to trade at 11.610 at the close. Meanwhile, Huadian Energy (SS:600726) added 10.04% or 1.340 points to end at 14.690 and Taiyuan Chemic (SS:600281) was up 10.04% or 1.210 points to 13.260 in late trade.
The worst performers of the session were Guizhou Rope (SS:600992), which fell 10.02% or 2.120 points to trade at 19.040 at the close. Sh Duolun (SS:600696) declined 10.01% or 1.760 points to end at 15.820 and Topsun Tech (SS:600771) was down 10.01% or 5.320 points to 47.850.
The top performers on the SZSE Component were Muyuan Foodstuff Co Ltd (SZ:002714) which rose 9.27% to 55.40, Hunan China Sun Pharma Machinery (SZ:300216) which was up 9.07% to settle at 49.30 and Jiaozuo Wanfang Aluminum (SZ:000612) which gained 6.37% to close at 12.85.
The worst performers were Shenzhen Huaqiang Industry Co Ltd (SZ:000062) which was down 10.00% to 66.62 in late trade, Shenzhen Fenda Technology Co Ltd (SZ:002681) which lost 10.00% to settle at 31.77 and Navinfo Co Ltd (SZ:002405) which was down 10.00% to 51.03 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 836 to 139.
Shares in Yueyang Paper (SS:600963) rose to 3-years highs; up 10.05% or 1.060 to 11.610. Shares in Huadian Energy (SS:600726) rose to all time highs; gaining 10.04% or 1.340 to 14.690. Shares in Taiyuan Chemic (SS:600281) rose to 3-years highs; rising 10.04% or 1.210 to 13.260. Shares in Muyuan Foodstuff Co Ltd (SZ:002714) rose to all time highs; gaining 9.27% or 4.70 to 55.40.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.17% to 27.80 a new 1-month low.
Gold for August delivery was up 0.27% or 3.20 to $1176.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.02% or 0.01 to hit $60.26 a barrel, while the August Brent oil contract rose 0.20% or 0.13 to trade at $63.62 a barrel.
USD/CNY was up 0.02% to 6.2084, while EUR/CNY rose 0.08% to 6.9609.
The US Dollar Index was down 0.02% at 95.42.