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China shares lower at close of trade; Shanghai Composite down 0.85%

Published 2018-11-14, 02:35 a/m
Updated 2018-11-14, 02:35 a/m
China shares lower at close of trade; Shanghai Composite down 0.85%

China shares lower at close of trade; Shanghai Composite down 0.85%

Investing.com – China equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Life Insurance and Banking sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.85%, while the SZSE Component index declined 0.69%.

The biggest gainers of the session on the Shanghai Composite were Zhongmin Energy Co Ltd (SS:600163), which rose 10.09% or 0.340 points to trade at 3.710 at the close. Harbin Hatou Investment Co Ltd (SS:600864) added 10.08% or 0.51 points to end at 5.57 and Jiangsu Wuzhong Industrial Co Ltd (SS:600200) was up 10.08% or 0.640 points to 6.990 in late trade.

Biggest losers included Shenzhen Geoway Co Ltd (SS:600462), which lost 8.20% or 0.360 points to trade at 4.030 in late trade. Jiangquan Ind (SS:600212) declined 7.10% or 0.350 points to end at 4.580 and Shanghai Greencourt Investment Group Co Ltd A (SS:600695) shed 6.93% or 0.44 points to 5.91.

The top performers on the SZSE Component were Shenzhen Agricultural Products Co Ltd (SZ:000061) which rose 9.98% to 4.96, Shijiazhuang Changshan Textile Co Ltd (SZ:000158) which was up 9.96% to settle at 5.74 and Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which gained 9.04% to close at 40.28.

The worst performers were Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which was down 10.02% to 11.05 in late trade, Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which lost 9.98% to settle at 18.85 and Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 7.44% to 6.47 at the close.

Declining stocks outnumbered rising ones by 833 to 569 and 71 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 30.79.

In commodities trading, Gold Futures for December delivery was up 0.34% or 4.10 to $1203.30 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.40% or 0.22 to hit $55.47 a barrel, while the January Brent oil contract fell 0.14% or 0.09 to trade at $65.38 a barrel.

USD/CNY was down 0.10% to 6.9490, while EUR/CNY fell 0.06% to 7.8492.

The US Dollar Index Futures was down 0.21% at 96.94.

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