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China stocks lower at close of trade , Shanghai Composite down 0.68%

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

At the close in Shanghai, the Shanghai Composite lost 0.68%, while the SZSE Component index declined 0.50%.

The best performers of the session on the Shanghai Composite were Shanghai Shibei Hi-Tech Co Ltd A (SS:600604), which rose 10.09% or 0.43 points to trade at 4.69 at the close. Meanwhile, Shenzhen Geoway Co Ltd (SS:600462) added 10.09% or 0.340 points to end at 3.710 and Zhejiang Golden Eagle Co Ltd (SS:600232) was up 10.08% or 0.480 points to 5.240 in late trade.

The worst performers of the session were Jiangsu Hongtu High Technology Co Ltd (SS:600122), which fell 10.02% or 0.540 points to trade at 4.850 at the close. Eastern Gold Jade Co Ltd (SS:600086) declined 9.96% or 0.730 points to end at 6.600 and Jiangsu Zongyi Co Ltd (SS:600770) was down 7.17% or 0.390 points to 5.050.

The top performers on the SZSE Component were Guangdong Eastone Century Technology Co Ltd (SZ:300310) which rose 10.10% to 4.47, Nanjing Hanrui Cobalt Co Ltd (SZ:300618) which was up 10.00% to settle at 87.43 and Talkweb Information System Co Ltd (SZ:002261) which gained 9.97% to close at 4.300.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 10.02% to 8.71 in late trade, Beijing Shouhang Resources Saving Co Ltd (SZ:002665) which lost 10.00% to settle at 4.23 and Wanda Cinema Line Corp (SZ:002739) which was down 10.00% to 25.19 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 989 to 423 and 59 ended unchanged.

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