Zhang Liuhao/Shanghai Daily news

Shares in Shanghai yesterday extended its losing streak to a sixth day after a media report said that nearly 70 percent of tradable share holders of listed firms were not satisfied with the big-cap companies' compensation proposals, fanning concerns market confidence will sink further.
The Shanghai Composite Index, which covers both yuan-denominated A shares and hard-currency B shares, slipped 0.79 percent to 1,039.04. The A-share Index lost 0.8 percent to 1,091.08, while the B-share Index ended  0.09 percent higher to 63.04.
"The compensation offer already issued by the blue chips such as China Yangtze Power seemed to be lower than most investors expected," said Zhang Qi, an analyst with Haitong Securities Co Ltd.
Approximately 68.75 percent of the share owners, who participated in a survey about their reaction to the share reform plans already released by the blue chips, expressed dissatisfaction, Shanghai Securities News said, citing the result of the survey conducted on the newspaper's Website. Only less than 10 percent of people were pleased by the compensation plans.
Many institutional investors are also afraid that the unsatisfactory proposals may lead investor confidence to waver, the newspaper said, citing some unidentified institutional investors.
Shanghai Port Container tumbled 1.67 percent to 15.92 yuan (US$1.92).