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China stocks lower at close of trade; Shanghai Composite down 0.40%

Published 05/25/2018, 03:35 AM
Updated 05/25/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.40%

Investing.com – China stocks were lower after the close on Friday, as losses in the Telecoms, Mobile and Software & Computer Services sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.40%, while the SZSE Component index lost 1.10%.

The best performers of the session on the Shanghai Composite were Nanjing Inform Storage Equipment Group Co Ltd (SS:603066), which rose 10.03% or 1.12 points to trade at 12.29 at the close. Meanwhile, Suzhou Douson Drilling & Production Equipment Co Ltd (SS:603800) added 10.01% or 2.000 points to end at 21.990 and Hainan Haiqi Transportation Group Co Ltd (SS:603069) was up 9.98% or 1.140 points to 12.560 in late trade.

The worst performers of the session were Eagle Mining (SS:600711), which fell 8.82% or 1.030 points to trade at 10.650 at the close. Chahua Modern Housewares Co Ltd (SS:603615) declined 6.96% or 1.17 points to end at 15.65 and SDIC Zhonglu Fruit Juice Co Ltd (SS:600962) was down 6.94% or 0.760 points to 10.190.

The top performers on the SZSE Component were Lander Sports Development Co Ltd (SZ:000558) which rose 5.58% to 5.11, Jiangxi Zhengbang Technology Co Ltd (SZ:002157) which was up 4.73% to settle at 5.09 and Suning Commerce Group Co Ltd (SZ:002024) which gained 4.57% to close at 15.32.

The worst performers were Shenzhen Techand Eco Environment (SZ:300197) which was down 10.05% to 5.37 in late trade, Dalian Zeus Entertainment (SZ:002354) which lost 10.00% to settle at 11.88 and Inner Mongolia Hotision Monsod (SZ:300355) which was down 9.99% to 8.20 at the close.

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Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 897 to 435 and 46 ended unchanged.

Shares in Shenzhen Techand Eco Environment (SZ:300197) fell to 5-year lows; falling 10.05% or 0.60 to 5.37. Shares in Dalian Zeus Entertainment (SZ:002354) fell to 3-years lows; losing 10.00% or 1.32 to 11.88. Shares in Suning Commerce Group Co Ltd (SZ:002024) rose to 52-week highs; up 4.57% or 0.67 to 15.32. Shares in Inner Mongolia Hotision Monsod (SZ:300355) fell to 52-week lows; losing 9.99% or 0.91 to 8.20.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.14% to 21.42.

Gold Futures for June delivery was down 0.11% or 1.40 to $1303.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.45% or 0.32 to hit $70.39 a barrel, while the July Brent oil contract fell 0.53% or 0.42 to trade at $78.37 a barrel.

USD/CNY was up 0.15% to 6.3894, while EUR/CNY fell 0.08% to 7.4723.

The US Dollar Index Futures was up 0.19% at 93.90.

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