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Chinese share prices close mixed on profit taking
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16:47, March 21, 2008

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China shares ended Friday trading in a mixed performance on profit taking, with the steel sector leading the upward trend but banking stocks in doldrums.

The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,796.58 on Friday, down 7.48 points, or 0.20 percent, from the previous close.

The Shenzhen Component Index on the Shenzhen Stock Exchange concluded the daily trading at 13,718.96, up 170.35 points, or 1.26 percent, over the previous trading day.

The Hushen 300 Index tracking the performance of both Shanghai and Shenzhen stock exchanges closed at 4,037.83, up 36 points, or 0.90 percent.

Combined turnover on the two bourses shrank to 144.06 billion yuan (20.4 billion U.S. dollars) on Friday from 160.02 billion yuan on Thursday.

Friday saw gains outnumber losses by 654 to 217 in Shanghai and by 482 to 183 in Shenzhen.

Source:Xinhua



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