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China stocks lower at close of trade; Shanghai Composite down 1.53%

Published 04/16/2018, 03:35 AM
Updated 04/16/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 1.53%

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

At the close in Shanghai, the Shanghai Composite fell 1.53% to hit a new 6-months low, while the SZSE Component index lost 0.61%.

The best performers of the session on the Shanghai Composite were China Hainan Rubber Industry Group Co Ltd (SS:601118), which rose 10.03% or 0.620 points to trade at 6.800 at the close. Meanwhile, Linewell Software Co Ltd (SS:603636) added 10.02% or 1.230 points to end at 13.500 and Hainan Mining Co Ltd (SS:601969) was up 10.01% or 0.77 points to 8.46 in late trade.

The worst performers of the session were Shanghai Hongda Mining Co Ltd (SS:600532), which fell 10.02% or 0.810 points to trade at 7.270 at the close. Taiyuan Lionhead Cement Co Ltd (SS:600539) declined 10.01% or 1.040 points to end at 9.350 and Shanghai Feilo Acoustics Co Ltd (SS:600651) was down 10.01% or 0.79 points to 7.10.

The top performers on the SZSE Component were Inspur Electronic Info Industr (SZ:000977) which rose 10.02% to 25.810, Telling Telecommunication Holding Co Ltd (SZ:000829) which was up 10.02% to settle at 9.77 and Shenzhen InfoGem Technologies Co Ltd (SZ:300085) which gained 10.01% to close at 17.58.

The worst performers were Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which was down 10.06% to 4.20 in late trade, Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) which lost 10.05% to settle at 5.91 and Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) which was down 8.81% to 6.73 at the close.

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Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1020 to 331 and 21 ended unchanged.

Shares in Shanghai Hongda Mining Co Ltd (SS:600532) fell to 3-years lows; losing 10.02% or 0.810 to 7.270. Shares in Taiyuan Lionhead Cement Co Ltd (SS:600539) fell to 52-week lows; losing 10.01% or 1.040 to 9.350. Shares in Shanghai Feilo Acoustics Co Ltd (SS:600651) fell to 3-years lows; losing 10.01% or 0.79 to 7.10. Shares in Inspur Electronic Info Industr (SZ:000977) rose to 52-week highs; gaining 10.02% or 2.350 to 25.810. Shares in Shaanxi J&R Fire Protection Co Ltd (SZ:300116) fell to 52-week lows; falling 10.06% or 0.47 to 4.20. Shares in Guilin Guanglu Measuring Instrument Co Ltd (SZ:002175) fell to 5-year lows; falling 10.05% or 0.66 to 5.91. Shares in Hunan TV & Broadcast Intermediary Co Ltd (SZ:000917) fell to 5-year lows; falling 8.81% or 0.65 to 6.73.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.45% to 24.26.

Gold Futures for June delivery was down 0.21% or 2.80 to $1345.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.53% or 1.03 to hit $66.36 a barrel, while the June Brent oil contract fell 1.68% or 1.22 to trade at $71.36 a barrel.

USD/CNY was up 0.08% to 6.2834, while EUR/CNY rose 0.12% to 7.7501.

The US Dollar Index Futures was down 0.08% at 89.44.

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