Stocks close down, small-cap rally fizzles

Among the most active stocks in Shanghai were Meiyan Jixiang , down 9.7 percent to 7.72 yuan; China Shipbuilding , down 5.0 percent to 10.51 yuan and Agricultural Bank Of China, down 0.6 percent to 3.12 yuan.

China stocks close down, small-cap rally fizzles

China stocks closed down on Monday as investors took profit from an early rally in small-cap shares amid concerns about the weak economy and Beijing's crackdown on illegal futures trading.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.6 percent, to 3,475.96, while the Shanghai Composite Index lost 1.7 percent, to 3,325.08 points.

In Shenzhen, Tongling Nonferrous Metals Group, down 6.4 percent to 3.65 yuan; BOE Technology, down 3.0 percent to 2.89 yuan and Suning Appliance, up 1.2 percent to 16.46 yuan were among the most actively traded.

Total volume of A shares traded in Shanghai was 22.9 billion shares, while Shenzhen volume was 27.4 billion shares.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Moghalu elected into board of UN group

Solid minerals areas commission bill passes 2nd reading at Senate

Imo govt denies beating up journalist

We have paid N6 billion gratuity arrears since 2017 - Akeredolu

Lawmakers investigating Twitter suspension express support for social media regulation

Saudi Arabia donates $1m worth of medical equipment to Nigeria's FG

ECOWAS court stops FG from punishing Nigerians disobeying Twitter suspension

APC UK urges Igboho to shelve July 3 'Yoruba Nation' rally in Lagos

2 dead, 13 vehicles burnt in tanker explosion on Lagos-Ibadan Expressway