Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Chinese shares drop 0.33% Tuesday
+ -
17:51, September 29, 2009

 Related News
 Chinese shares open flat on Tuesday
 Insurers eager to invest in real estate market
 Huijin's rescue scheme for lenders draws to a close
 ABC may go in for listing in Shanghai
 Chinese shares drop 2.65%, dipping below 2,800 mark
 Comment  Tell A Friend
 Print Format  Save Article
Chinese equities continued the downward trend for the third consecutive trading day and lost 0.33percent in light trade Tuesday, amid investors' wait-and-see attitude.

The Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,754.54 points Tuesday, down 8.99 points, or 0.33 percent, from the previous close.

The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 11,069.28 points Tuesday, down 17.43 points, or 0.16 percent, from the previous close.

Combined turnover shrank for the six consecutive trading day to117. 5 billion yuan (17.2 billion U.S. dollars) from 118.5 billion yuan of the previous trading day.

The market has ended its liquidity-driven rise momentum and the future trend largely depends on the economic recovery situation, according to Bosera Funds, a leading domestic fund management company based in Shenzhen.

Analysts said that the current A-share stock price is no longer cheap and further rise should be based on companies' increasing profitability.

Experts also attributed the recent market drop to the subscription of first batch of ten IPOs on the upcoming growth enterprises market (GEM), which is expected to freeze billions of yuan.

Ten Chinese companies would finish their initial public offering (IPO) procedures and are expected to start trading on Shenzhen Stock Exchange after the National Day holiday running from Oct. 1 to 8.


  Your Message:   Most Commented:
Indian media stinks up public opinions
Which country has the most beautiful women?
World's top ten most mysterious and horrible spots
How do India's middle school textbooks portray China?
China denies entering other countries' airspace

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved