China stocks closed down Monday with record turnover

19:52, October 18, 2010      

Email | Print | Subscribe | Comments | Forum 

Chinese shares closed down Monday, ending seven straight days of gains with a record combined daily turnover for the two main boards.

Combined turnover expanded to 488.61 billion yuan (73.43 billion U.S. dollars), from 447.95 billion yuan the previous trading day, according to the daily stock market figures from

The benchmark Shanghai Composite Index was down 0.54 percent, or 15.93 points, to close at 2,955.23.

The Shenzhen Component Index closed down 0.91 percent, or 116.23 points, to finish at 12,649.27.

Losers outnumbered gainers by 530 to 368 in Shanghai and 772 to 391 in Shenzhen.

Agricultural shares led the decline, dropping 6 percent. Qin Xiaobin, analyst at China Galaxy Securities Company Ltd., said this was normal fluctuation after previous gains.

Another analyst with China Galaxy Securities said the big drop in agricultural stocks came after prices of agricultural products such as cotton and corn dropped last Friday in the futures market.

Shares of the Xinjiang Guannong Fruit and Antler Co. Ltd. fell by the daily limit of 10 percent to 27.85 yuan per share. The Xinjiang Sayram Modern Agriculture Co. Ltd. plunged 9.9 percent to 15.29 yuan. The Shenzhen Agricultural Products Co., Ltd. closed 4.95 percent down to 20.37 yuan.

Shares of brokerages led gains on an anticipated boost of trading revenue following a market rally over the past seven trading days.

Shares of the Industrial Securities Co. Ltd. rose by the daily limit of 10 percent to 19.79 yuan. The Sinolink Securities Co. Ltd. gained 8.36 percent to 20.34 yuan.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion