Fu Chenghao/Shanghai Daily
news
Chinese share prices pared early gains and closed
lower with Internet firms and port companies losing ground, dealers said.
The Shanghai Composite Index, which covers yuan-denominated A shares and
foreign-currency B shares, dipped 0.11 percent to 1,087.51. The A-share Index
slipped 0.10 percent to 1,143.06 while the B-share Index shed 0.30 percent to
60.67.
Turnover rose to 5.35 billion yuan (US$660 million) from 3.89
billion in the previous session.
The Shenzhen Composite Index, which
tracks the country's smaller bourse, dropped 0.77 percent to 263.38. Shares
changing hands were worth 3.82 billion yuan.
"Overall sentiment is still
quite low amid a dearth of fresh leads," said Wei Wei, a West China Securities
Co trader.
Internet stocks were hit as Jiangsu Zongyi Co tumbled 3.95
percent to 7.54 yuan. Zhaohua Science & Technology (Group) Co lost 2.61
percent to close at 2.24 yuan while Searainbow Holding Corp finished at 8.12
yuan, diving 2.05 percent.
Shenzhen Chiwan Wharf Holdings Ltd, which
plummeted 6.23 percent to 12.94 yuan, led the decline among port operators on
concern a stronger yuan may dampen exports.
Shanghai Port Container Co
dropped 5.04 percent to 10.18 yuan and Yinkou Port Liability Co lost 2.79
percent to 8.01 yuan.
Zhejiang Medicine Co suffered profit taking and
lost 3.09 percent to 5.02 yuan. It had posted gains in the past few sessions due
to concerns over avian influenza.