Share prices on China's Shanghai and Shenzhen stock bourses retreated from higher openings and closed tad lower on Tuesday, dragged by small-caps listed on the ChiNext board, on profit takings.
For the whole day, the benchmark Shanghai Composite Index edged down 0.06 percent to end at 3,604.80 points. The Shenzhen Composite Index fell 0.88 percent to end at 2,231.18 points. The index for small firms lost 0.77 percent to end at 8,447.52 and the ChiNext Index plunged 2.86 percent to end at 2,717.05. Combined turnover of the two bourses expanded to 1.27 trillion yuan from 908.7 billion yuan on the previous trading day.
Stocks of medical treatment, logistics, telecom operation, software services, internet, computer equipment, media and entertainment, mineral products, chemical fiber, and nonferrous metals sectors led the losers on Tuesday, while those in aviation devices, securities dealers, public transport, hotels, environmental protection, shipbuilding, coal, and banking sectors outperformed.
On the stock index futures market, the IF November contract decreased 0.74 percent to end at 3,699.2, keeping a discount of 59.19 points to the underlying Hushen 300 Index, which went down 0.15 percent to end at 3,758.39. The SSE 50 November contract went down 0.42 percent to end at 2,418.0, maintaining a discount of 35.26 points to the underlying SSE 50 Index, which increased 0.24 percent to close at 2,453.26. The CSI November contract lost 0.99 percent to end at 7,547.6, keeping a discount of 102.78 points to the underlying CSI 500 stock index, which fell 0.89 percent to end at 7,650.38. As the November contracts are to expire on Friday, investors have moved majority of their positions to the December contracts.
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