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China stocks lower at close of trade; Shanghai Composite down 0.04%

Published 01/03/2019, 02:35 AM
Updated 01/03/2019, 02:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.04%

Investing.com – China stocks were lower after the close on Thursday, as losses in the Technology Hardware & Equipment, Travel & Leisure and Gas, Water & Multiutilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.04% to hit a new 3-years low, while the SZSE Component index lost 0.84%.

The best performers of the session on the Shanghai Composite were Pengqi Technology Development Co Ltd A (SS:600614), which rose 10.13% or 0.400 points to trade at 4.350 at the close. Meanwhile, Guodian Nanjing Automation Co Ltd (SS:600268) added 10.10% or 0.420 points to end at 4.580 and Qingdao Huijintong Power Eouipment Co Ltd (SS:603577) was up 10.02% or 0.920 points to 10.100 in late trade.

The worst performers of the session were Shanghai U9 Game Co Ltd (SS:600652), which fell 10.02% or 0.440 points to trade at 3.950 at the close. Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) declined 10.02% or 1.380 points to end at 12.390 and Kangmei Pharmaceutical Co Ltd (SS:600518) was down 10.01% or 0.830 points to 7.460.

The top performers on the SZSE Component were Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which rose 10.06% to 9.96, Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which was up 10.02% to settle at 5.71 and Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which gained 10.00% to close at 7.04.

The worst performers were Zhongtian Urban Development Group Co Ltd (SZ:000540) which was down 10.05% to 3.94 in late trade, Suzhou Dongshan Precision Manufacturing Co Ltd (SZ:002384) which lost 9.96% to settle at 10.03 and Betta Pharmaceuticals Co Ltd (SZ:300558) which was down 9.88% to 27.36 at the close.

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Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 758 to 606 and 114 ended unchanged.

Shares in Kangmei Pharmaceutical Co Ltd (SS:600518) fell to 5-year lows; losing 10.01% or 0.830 to 7.460. Shares in Zhongtian Urban Development Group Co Ltd (SZ:000540) fell to 3-years lows; falling 10.05% or 0.44 to 3.94. Shares in Betta Pharmaceuticals Co Ltd (SZ:300558) fell to 52-week lows; down 9.88% or 3.00 to 27.36.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.08% to 26.51.

Gold Futures for February delivery was up 0.63% or 8.05 to $1292.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.96% or 0.91 to hit $45.63 a barrel, while the March Brent oil contract fell 1.06% or 0.58 to trade at $54.33 a barrel.

USD/CNY was up 0.19% to 6.8749, while EUR/CNY rose 0.49% to 7.8187.

The US Dollar Index Futures was down 0.32% at 96.113.

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