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China stocks lower at close of trade; Shanghai Composite down 1.62%

Published 09/25/2015, 03:35 AM
Updated 09/25/2015, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 1.62%

© Reuters. China stocks lower at close of trade; Shanghai Composite down 1.62%

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

At the close in Shanghai, the Shanghai Composite declined 1.62%, while the SZSE Component index declined 3.25%.

The best performers of the session on the Shanghai Composite were Hengyuan Coal (SS:600971), which rose 10.06% or 0.620 points to trade at 6.780 at the close. Meanwhile, Kailuan (SS:600997) added 10.04% or 0.560 points to end at 6.140 and Feida Environ (SS:600526) was up 10.04% or 1.220 points to 13.370 in late trade.

The worst performers of the session were Ningbo Marine (SS:600798), which fell 10.04% or 0.830 points to trade at 7.440 at the close. Tianli Tech (SS:600339) declined 10.03% or 0.670 points to end at 6.010 and Lianyungang Po (SS:601008) was down 10.03% or 0.680 points to 6.100.

The top performers on the SZSE Component were Zhejiang Wanfeng Auto Wheel Co Ltd (SZ:002085) which rose 10.01% to 24.94, Beijing BDStar Navigation Co Ltd (SZ:002151) which was up 9.99% to settle at 42.61 and Joyoung Co Ltd (SZ:002242) which gained 9.98% to close at 18.74.

The worst performers were Everyday Network (SZ:300295) which was down 10.00% to 60.46 in late trade, Beijing Philisense Tech (SZ:300287) which lost 9.99% to settle at 14.59 and Hongbo Co Ltd (SZ:002229) which was down 9.99% to 14.23 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 847 to 114.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.89% to 41.41.

Gold for December delivery was down 0.75% or 8.60 to $1145.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.16% or 0.52 to hit $45.43 a barrel, while the November Brent oil contract rose 0.74% or 0.35 to trade at $48.52 a barrel.

USD/CNY was down 0.12% to 6.3758, while EUR/CNY fell 0.87% to 7.1058.

The US Dollar Index was up 0.61% at 96.69.

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