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China stocks lower at close of trade; Shanghai Composite down 1.32%

Stock MarketsNov 29, 2018 02:35AM ET
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© Reuters. China stocks lower at close of trade; Shanghai Composite down 1.32%

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

At the close in Shanghai, the Shanghai Composite fell 1.32% to hit a new 1-month low, while the SZSE Component index declined 2.06%.

The best performers of the session on the Shanghai Composite were YanTai Yuancheng Gold Co Ltd (SS:600766), which rose 10.07% or 0.750 points to trade at 8.200 at the close. Meanwhile, Shanghai Kindly Enterprise Development Group Co Ltd (SS:603987) added 10.05% or 0.630 points to end at 6.900 and Suzhou Kelida Building & Decoration Co Ltd (SS:603828) was up 10.05% or 0.740 points to 8.100 in late trade.

The worst performers of the session were Shanghai Xinhua Media Co Ltd (SS:600825), which fell 10.06% or 0.640 points to trade at 5.720 at the close. Ginwa Enterprise Group Inc (SS:600080) declined 9.51% or 1.230 points to end at 11.700 and Shanghai Chinafortune Co Ltd (SS:600621) was down 9.49% or 0.930 points to 8.870.

The top performers on the SZSE Component were Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which rose 10.03% to 8.12, Hunan Gold Corp Ltd (SZ:002155) which was up 4.35% to settle at 6.96 and Yintai Resources Co Ltd (SZ:000975) which gained 4.26% to close at 8.32.

The worst performers were Zhonghong Holding Co Ltd (SZ:000979) which was down 10.34% to 0.26 in late trade, Beijing Watertek Information Technology Co Ltd (SZ:300324) which lost 10.01% to settle at 8.54 and Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was down 9.98% to 16.68 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1307 to 144 and 23 ended unchanged.

Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to 5-year lows; falling 10.34% or 0.03 to 0.26. Shares in Beijing Watertek Information Technology Co Ltd (SZ:300324) fell to 3-years lows; down 10.01% or 0.95 to 8.54. Shares in Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) fell to 52-week lows; falling 9.98% or 1.85 to 16.68.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 29.68.

Gold Futures for February delivery was up 0.45% or 5.50 to $1232.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.52% or 0.26 to hit $50.57 a barrel, while the February Brent oil contract rose 0.07% or 0.04 to trade at $59.13 a barrel.

USD/CNY was down 0.19% to 6.9408, while EUR/CNY rose 0.04% to 7.9073.

The US Dollar Index Futures was down 0.12% at 96.562.

China stocks lower at close of trade; Shanghai Composite down 1.32%
 

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