China B-shares end morning weaker led by property developers-UPDATE |
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Fri, 27 Jul 2007 05:42
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SHANGHAI (XFN-ASIA) - China B-shares ended the morning session weaker on profit-taking, with large property developers leading the decline.The Shanghai B-share Index ended the morning down 0.31 points at 317.73 and the Shenzhen B-share Index fell 12.15 points to 778.21.'Profit-taking pressure weighed on the hard-currency market after the Shanghai Composite Index hit records yesterday.. large property developers were hit the most,' said a Shanghai analyst.Yesterday the yuan closed at a new record of 7.5580, compared to 7.5635 on the previous trading day.On the Shanghai B-shares market, Shanghai Jiulongshan Co Ltd (SHB 900955; SHA 600555) dropped 0.031 usd to 1.716.Shanghai Lujiazui Finance & Trade Zone Development Co Ltd (SHB 900932; SHA 600663) fell 0.025 usd to 2.470.On Shenzhen B-share market, China Vanke Co Ltd (SZB 200002; SZA 000002) shed 0.74 hkd to 22.66.Shenzhen Special Economic Zone Real Estate (Group) Co Ltd (SZB 200029; SZA 000029) lost 0.13 hkd to 5.58.The FTSE/Xinhua China B 35 Index was down 126.17 points at 11,177.82.The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, ended the morning down 4.77 points or 0.11pct at 4,341.69.(1 usd = 7.56 yuan)lilian.wu@xfn.com-xfnlw/xfntmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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China B-shares end morning weaker led by property developers 