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China stocks mixed at close of trade; Shanghai Composite up 0.05%

Stock MarketsJun 06, 2018 03:35AM ET
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© Reuters. China stocks mixed at close of trade; Shanghai Composite up 0.05%

Investing.com – China stocks were mixed after the close on Wednesday, as gains in the Travel & Leisure, Oil Equipment Services & Distribution and Media sectors led shares higher while losses in the Real Estate Investments & Services, Life Insurance and Banking sectors led shares lower.

At the close in Shanghai, the Shanghai Composite added 0.05%, while the SZSE Component index fell 0.20%.

The best performers of the session on the Shanghai Composite were Hangzhou Advance Gearbox Group Co Ltd (SS:601177), which rose 10.04% or 0.700 points to trade at 7.670 at the close. Meanwhile, Wuxi New Hongtai Electrical Technology Co Ltd (SS:603016) added 10.03% or 1.990 points to end at 21.840 and Duzhe Publishing & Media Co Ltd (SS:603999) was up 10.01% or 0.720 points to 7.910 in late trade.

The worst performers of the session were Bright Real Estate Group Co Ltd (SS:600708), which fell 25.34% or 1.68 points to trade at 4.95 at the close. Jien Nickel (SS:600432) declined 10.05% or 0.400 points to end at 3.580 and Shenji Group Kunming Machine Tool Co Ltd (SS:600806) was down 9.97% or 0.380 points to 3.430.

The top performers on the SZSE Component were Ningbo Xinhai Electric Co Ltd (SZ:002120) which rose 10.00% to 60.39, Taiya Shoes Co Ltd (SZ:002517) which was up 9.98% to settle at 13.89 and Hangzhou Tigermed Consulting (SZ:300347) which gained 8.16% to close at 60.60.

The worst performers were Beijing Baofeng Technology Co Ltd (SZ:300431) which was down 10.00% to 18.99 in late trade, Shenzhen Tatfook Tech (SZ:300134) which lost 9.99% to settle at 10.72 and Sungrow Power Supply Co Ltd (SZ:300274) which was down 7.70% to 10.43 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 686 to 628 and 68 ended unchanged.

Shares in Bright Real Estate Group Co Ltd (SS:600708) fell to 3-years lows; down 25.34% or 1.68 to 4.95. Shares in Jien Nickel (SS:600432) fell to 5-year lows; falling 10.05% or 0.400 to 3.580. Shares in Shenji Group Kunming Machine Tool Co Ltd (SS:600806) fell to 5-year lows; down 9.97% or 0.380 to 3.430. Shares in Ningbo Xinhai Electric Co Ltd (SZ:002120) rose to all time highs; rising 10.00% or 5.49 to 60.39. Shares in Beijing Baofeng Technology Co Ltd (SZ:300431) fell to 3-years lows; down 10.00% or 2.11 to 18.99. Shares in Shenzhen Tatfook Tech (SZ:300134) fell to 3-years lows; down 9.99% or 1.19 to 10.72.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 19.29 a new 3-months low.

Gold Futures for August delivery was up 0.01% or 0.10 to $1302.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.23% or 0.15 to hit $65.67 a barrel, while the August Brent oil contract rose 0.61% or 0.46 to trade at $75.84 a barrel.

USD/CNY was down 0.21% to 6.3918, while EUR/CNY rose 0.12% to 7.5157.

The US Dollar Index Futures was down 0.20% at 93.66.

China stocks mixed at close of trade; Shanghai Composite up 0.05%
 

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