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China stocks lower at close of trade; Shanghai Composite down 1.36%

Published 06/08/2018, 03:35 AM
Updated 06/08/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 1.36%

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

At the close in Shanghai, the Shanghai Composite fell 1.36%, while the SZSE Component index fell 1.05%.

The best performers of the session on the Shanghai Composite were Shandong Binzhou Bohai Piston Co Ltd (SS:600960), which rose 7.21% or 0.410 points to trade at 6.100 at the close. Meanwhile, Aurora Optoelectronics Co Ltd (SS:600666) added 5.65% or 0.240 points to end at 4.490 and Fujian Longma Environmental Sanitation Equipment Co Ltd (SS:603686) was up 5.28% or 1.25 points to 24.93 in late trade.

The worst performers of the session were Henan Yinge Industrial Investment Co Ltd (SS:600069), which fell 10.04% or 0.560 points to trade at 5.020 at the close. Shenji Group Kunming Machine Tool Co Ltd (SS:600806) declined 10.03% or 0.310 points to end at 2.780 and Jien Nickel (SS:600432) was down 9.94% or 0.320 points to 2.900.

The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ:002681) which rose 9.98% to 10.03, Hengyi Petrochemical Co Ltd (SZ:000703) which was up 5.51% to settle at 17.03 and Xinjiang Beixin Road&Bridge Group Co Ltd (SZ:002307) which gained 4.53% to close at 7.38.

The worst performers were Zhejiang Transfar Co Ltd (SZ:002010) which was down 9.98% to 13.89 in late trade, Zhejiang Narada Power Source (SZ:300068) which lost 9.97% to settle at 14.27 and Beijing Water Business Doctor (SZ:300055) which was down 9.15% to 12.12 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1103 to 263 and 18 ended unchanged.

Shares in Henan Yinge Industrial Investment Co Ltd (SS:600069) fell to 52-week lows; falling 10.04% or 0.560 to 5.020. Shares in Shenji Group Kunming Machine Tool Co Ltd (SS:600806) fell to 5-year lows; losing 10.03% or 0.310 to 2.780. Shares in Jien Nickel (SS:600432) fell to 5-year lows; down 9.94% or 0.320 to 2.900. Shares in Zhejiang Transfar Co Ltd (SZ:002010) fell to 52-week lows; falling 9.98% or 1.54 to 13.89. Shares in Beijing Water Business Doctor (SZ:300055) fell to 3-years lows; down 9.15% or 1.22 to 12.12.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 19.11.

Gold Futures for August delivery was down 0.21% or 2.70 to $1300.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.47% or 0.31 to hit $65.64 a barrel, while the August Brent oil contract fell 0.45% or 0.35 to trade at $76.97 a barrel.

USD/CNY was up 0.24% to 6.4091, while EUR/CNY rose 0.05% to 7.5466.

The US Dollar Index Futures was up 0.13% at 93.55.

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