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China A-shares close sharply lower on profit-taking, power, steel issues hit


Published :
Fri, 12 Jan 2007 08:36
By : Agencies
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SHANGHAI (XFN-ASIA) - A-shares in Shanghai and Shenzhen closed sharply lower on profit-taking with power generators and steelmakers losing ground, dealers said.

The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed down 102.0 points, or 3.68 pct, at 2,668.11, after moving between 2,652.58 and 2,782.03.

The key index rose 1.01 pct for the week. Turnover fell to 73.43 bln yuan from 83.99 bln in the previous session.

The Shanghai A-share Index tumbled 108.95 points or 3.74 pct to 2,803.06 on turnover of 71.82 bln yuan and the Shenzhen A-share Index ended down 13.39 points or 2.12 pct at 619.65 on turnover of 37.31 bln yuan.

The FTSE/Xinhua China A 50 Index closed down 208.92 points at 9,594.81. The FTSE/Xinhua China A 200 Index shed 155.57 points to 6,481.33 and the FTSE/Xinhua China A 600 Index was down 147.0 points at 5,368.94.

(1 usd = 7.80 yuan)

lake.xu@xinhuafinance.com




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