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Chinese shares retreat on Thu. on thinner turnover on profit taking

2015-09-10 15:35

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After two-day surge, share prices on China's Shanghai and Shenzhen bourses were in volatile trading and corrected in narrow ranges on Thursday amid thinner turnover on profit taking.

For the whole day, the benchmark Shanghai Composite Index sank 1.39 percent to end at 3,197.89 points. The Shenzhen Composite Index decreased 1.58 percent to end at 1,770.38, The SME Index for small firms plunged 2.04 percent to end at 7,067.40 and the ChiNext index lost 1.57 percent to close at 2,039.12. Combined turnover of the two bourses shrank to 610.7 billion yuan from 844.9 billion yuan on the previous trading day.

Stocks of petroleum, securities dealers, software services, nonferrous metals, logistics, internet, environmental protection, electricity grid, steel, coal, and automobiles sectors led the losers on Thursday, while, the leading gainers were in shipbuilding, aviation devices, public transport, agriculture, and banking sectors.

On the stock index futures market, the IF September contract went down 0.88 percent to end at 3,296.6, keeping a discount of 60.96 points to the underlying Hushen 300 Index, which lost 1.23 percent to close at 3,357.56. The SSE 50 September contract went up 0.30 percent to end at 2,181.6, keeping a discount of 26.88 points to the underlying SSE 50 Index, which went down 0.12 percent to close at 2,208.48. The CSI September contract decreased 0.82 percent to end at 6,319.0, keeping a discount of 121.31 points over the underlying CSI 500 stock index, which fell 1.69 percent to end at 6,440.31.

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