1st LD-Writethru: China's stocks close lower on Monday

Chinese shares ended lower on Monday, with the benchmark Shanghai Composite Index down 0.58 percent, or 25.20 points, to finish at 4,283.49 points.

The Shenzhen Component Index lost 0.15 percent, or 22.32 points, to close at 14,672.63 points.

Heavyweights sectors including banks, insurance, securities, non-ferrous metals, coal and rare earth were among the biggest losers.

Bank of Beijing Co. lost 3.74 percent to end at 12.60 yuan per share. China Coal Energy Company Limited shed 2.38 percent to close at 7.78 yuan.

Bucking the trend, more than 300 shares on the two bourses surged by the daily limit of 10 percent. Medical care, electronic information, environmental protection and Internet-related shares were robust.

Datang Telecom Technology Co. surged by the daily limit of 10 percent to end at 27.48 yuan per share. Shenzhen-listed CEC Environmental Protection Co. gained 9.13 percent to end at 22.70 yuan.

Analysts believe the bullish performance will still dominate the market in the long term, despite the current volatility, which could help digest the upward pressure and lay a better foundation for future rises.

Stocks related to state-owned enterprises, mergers and acquisitions, military industry, Internet, high technology and new energy vehicles are expected to hold ample opportunities with handsome performance in the future, analysts suggested.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, soared 4.23 percent, or 133.15 points, to end at 3,278.48 points. Endi