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China stocks lower at close of trade; Shanghai Composite down 2.06%

Published 2015-09-29, 03:35 a/m
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 2.06%

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

At the close in Shanghai, the Shanghai Composite lost 2.06%, while the SZSE Component index fell 1.64%.

The best performers of the session on the Shanghai Composite were P2P Financial Information Service Co Ltd (SS:600696), which rose 10.05% or 0.860 points to trade at 9.420 at the close. Meanwhile, Gangjiu (SS:600279) added 10.04% or 0.920 points to end at 10.080 and Lucky Film (SS:600135) was up 10.04% or 1.110 points to 12.170 in late trade.

The worst performers of the session were Kailuan (SS:600997), which fell 10.02% or 0.610 points to trade at 5.480 at the close. Xinjiang Tiany (SS:600075) declined 10.01% or 1.05 points to end at 9.44 and Ningbo Marine (SS:600798) was down 10.00% or 0.670 points to 6.030.

The top performers on the SZSE Component were Zhejiang Satellite Petrochemical Co Ltd (SZ:002648) which rose 10.05% to 9.09, Anhui Huilong Agricultural Means of Production Co Ltd (SZ:002556) which was up 10.04% to settle at 14.14 and Beingmate Baby & Child Food Co Ltd (SZ:002570) which gained 10.04% to close at 14.03.

The worst performers were Shanghai STEP Electric Corp (SZ:002527) which was down 10.00% to 18.27 in late trade, Shenzhen Hepalink Pharmaceutical Co Ltd (SZ:002399) which lost 9.96% to settle at 24.06 and Shenzhen Yan Tian Port Holdings Co Ltd (SZ:000088) which was down 9.36% to 7.36 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 824 to 133.

Shares in Shenzhen Hepalink Pharmaceutical Co Ltd (SZ:002399) fell to 52-week lows; down 9.96% or 2.66 to 24.06.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 7.76% to 43.47.

Gold for December delivery was down 0.40% or 4.50 to $1127.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.60% or 0.27 to hit $44.70 a barrel, while the November Brent oil contract rose 0.63% or 0.30 to trade at $47.64 a barrel.

USD/CNY was down 0.10% to 6.3627, while EUR/CNY fell 0.10% to 7.1539.

The US Dollar Index was down 0.06% at 96.08.

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