Chinese share prices end morning session lower upon weak confidence
4/11/2008 15:26
Share prices on Chinese capital markets fell this morning upon low
investor sentiment with heavyweights leading the downward trend.
The
benchmark Shanghai Composite Index lost 28.50 points, or 1.66 percent, from the
previous close to end the morning session at 1,691.27 points. The Shenzhen
Component Index finished at 5,678.98 points, down 146.02 points, or 2.51
percent.
Losses outnumbered gains by 748 to 108 in Shanghai, and by 632 to
102 in Shenzhen.
Analysts with Nanjing Securities said the fact that huge
amount of former non-tradable shares would become negotiable and the negative
impact of global financial woes would continue to pressure Chinese investors.
The markets would remain dull in the coming few weeks, the analysts
forecast.
Xinhua
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