Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>China Business

China stocks close slightly lower Friday

(Xinhua)

08:23, October 20, 2012

BEIJING, Oct. 19 (Xinhua) -- Chinese stocks reversed gains to edge down on Friday as investors remained hesitant to trade amid slowdown concerns.

The benchmark Shanghai Composite Index dropped 0.16 percent, or 3.39 points, to finish at 2,128.3.

The Shenzhen Component Index closed at 8,796.42, down 1.78 points, or 0.02 percent.

Combined turnover came in at 105.8 billion yuan (16.77 billion U.S. dollars) on the two bourses, down from 130.8 billion yuan the previous trading day.

Most shares saw losses on Friday, with losers outnumbering gainers by 581 to 327 in Shanghai and by 850 to 604 in Shenzhen.

Investors acted prudently as official data released early on Friday showed that less foreign capital had flowed into the country despite recent economic data showing signs of a pick-up in the world's second-largest economy.

Foreign direct investment dropped 6.8 percent year on year to 8.43 billion U.S. dollars in September, China's Ministry of Commerce revealed Friday.

Clothing and footwear manufacturers led the declines, with Luolai Home Textile Co., Ltd. tumbling 4.81 percent to finish at 42.79 yuan per share and Shenzhen Fuanna Bedding and Furnishing Co., Ltd. dropping 3.82 percent to close at 34.24 yuan per share.

Biopharmaceutical and medical equipment stocks also fell. Harbin Sanjing Pharmaceutical Shareholding Co., Ltd. lost 4.13 percent to close at 9.75 yuan per share. Guangdong Biolight Meditech Co., Ltd. edged down 2.71 percent to end at 16.88 yuan per share.

Bucking the trend, media and entertainment shares logged gains on Friday, with Anhui Xinhua Media Co., Ltd. jumping 9.91 percent to close at 13.2 yuan per share.

News we recommend:
Let the train, take the strain Personal care market to keep growing An Apple a day isn't keeping critics away
Global companies expand rapidly in China Shanghai's 'other' market China's tourism industry reaps golden harvest
Commentary:Asking the right questions  More Investment, More Woes? All that glitters is gold

Email|Print|Comments(Editor:厉振羽、马茜)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. South China Sea Fleet in training

  2. Airmen repair radar antenna

  3. N. Korea's Kim attends event

  4. Same-sex wedding performed in Fujian Province

  5. Naked truth challenges values

  6. Largest Apple store in Asia on Wangfujing

  7. Get ready for autumn health

  8. Funny pictures by Chinese net friends

Most Popular

Opinions

  1. Experts on touch-and-go landing on the Liaoning
  2. There is no justification for street violence
  3. Tokyo shrine visit angers neighbors
  4. BRICS can build optimism
  5. Rich list shines a light on China’s shifting economy
  6. Indigenous industry key to change
  7. Miners must break ground overseas
  8. 2nd US debate sees candidates flex China muscle
  9. Romney's post-debate bounce could soon fade
  10. New road rule marks first step to orderly society

What’s happening in China

Food poisoning sickens over 100 students

  1. Survey shows Chinese workers stressed out
  2. Retiring can cause more quarrels, divorces: court
  3. Training center for helicopter pilots opens
  4. Young migrant workers targeted in phone scams
  5. Microblog helps Chinese girl regain father's wages