China stocks lower at close of trade; Shanghai Composite down 1.81%

Aug 01, 2018

China stocks were lower after the close on Wednesday, as losses in the Real Estate Investments&Services, Oil Equipment Services&Distribution and Life Insurance sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.81%, while the SZSE Component index lost 1.89%.

The best performers of the session on the Shanghai Composite were Shanghai Shenhua Holdings Co Ltd (SS:600653), which rose 10.10% or 0.200 points to trade at 2.180 at the close. Meanwhile, Orient International Enterprise Ltd (SS:600278) added 10.04% or 0.900 points to end at 9.860 and GuiZhou YongJi Printing Co Ltd (SS:603058) was up 10.03% or 1.160 points to 12.720 in late trade.

The worst performers of the session were Jiangzhong Pharmaceutical Co Ltd (SS:600750), which fell 8.79% or 1.560 points to trade at 16.190 at the close. Guizhou Changzheng Tiancheng Holding Co Ltd (SS:600112) declined 8.70% or 0.430 points to end at 4.510 and Hunan Fangsheng Pharmaceutical Co Ltd (SS:603998) was down 8.60% or 0.64 points to 6.80.

The top performers on the SZSE Component were By health (SZ:300146) which rose 10.02% to 20.09, Giant Network Group Co Ltd (SZ:002558) which was up 10.00% to settle at 23.00 and Zhejiang Semir Garment Co Ltd (SZ:002563) which gained 3.72% to close at 12.56.

The worst performers were Jilin Liyuan Precision Manufacturing Co Ltd (SZ:002501) which was down 10.02% to 4.67 in late trade, Shanxi Meijin Energy Co Ltd (SZ:000723) which lost 10.02% to settle at 4.40 and Vatti Corp Ltd (SZ:002035) which was down 8.38% to 12.14 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1187 to 211 and 29 ended unchanged.

Shares in Hunan Fangsheng Pharmaceutical Co Ltd (SS:603998) fell to 3-years lows; down 8.60% or 0.64 to 6.80. Shares in By health (SZ:300146) rose to 3-years highs; up 10.02% or 1.83 to 20.09. Shares in Jilin Liyuan Precision Manufacturing Co Ltd (SZ:002501) fell to 5-year lows; losing 10.02% or 0.52 to 4.67. Shares in Shanxi Meijin Energy Co Ltd (SZ:000723) fell to 52-week lows; down 10.02% or 0.49 to 4.40. Shares in Vatti Corp Ltd (SZ:002035) fell to 52-week lows; losing 8.38% or 1.11 to 12.14.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 3.77% to 21.45.

Gold Futures for August delivery was down 0.25% or 3.00 to $1220.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.74% or 0.51 to hit $68.25 a barrel, while the October Brent oil contract fell 0.47% or 0.35 to trade at $73.86 a barrel.

USD/CNY was up 0.04% to 6.8136, while EUR/CNY rose 0.04% to 7.9658.

The US Dollar Index Futures was up 0.05% at 94.38.