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Chinese shares in weak correction, close mixed Wed.

BEIJING
2015-12-09 15:08

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Share prices on China's Shanghai and Shenzhen bourses were in weak correction amid shrinking turnover and finally closed mixed on Wednesday.

China's consumer price index, a main gauge of inflation, grew 1.5 percent year on year in November, up from a rise of 1.3 percent in October, the National Bureau of Statistics said on Wednesday.

Meanwhile, the producer price index, which measures wholesale inflation, plunged 5.9 percent year on year last month, marking the 45th straight month of decline and showing continued weak market demand. For the whole day, the benchmark Shanghai Composite Index edged up 0.07 percent to end at 3,472.44 points.

The Shenzhen Composite Index went down 0.32 percent to end at 2,214.21 points. The index for small firms lost 0.29 percent to end at 8,115.76 and the ChiNext Index fell 0.88 percent to end at 2,667.91. Combined turnover of the two bourses contracted to 718.24 billion yuan from 788.57 billion yuan on the previous trading day.

Stocks of environmental protection, public transport, machinery, hotel, logistics, household electric appliances, agricultural, medical care, pharmaceutical and chemical fiber sectors led the losers on the day while those in aviation, telecom operation, insurance, property, shipbuilding and bank sectors were among the top gainers.

On the stock index futures market, the IF December contract fell 0.55 percent to end at 3,593.2, keeping a discount of 42.74 points to the underlying Hushen 300 Index, which edged up 0.36 percent to end at 3,635.94.

The SSE 50 December contract rose 0.6 percent to end at 2,352.0, keeping a discount of 17.74 points to the underlying SSE 50 Index, which increased 0.23 percent to close at 2,369.74.

The CSI November contract lost 0.16 percent to end at 7,212.0, keeping a discount of 162.27 points to the underlying CSI 500 stock index, which went down 0.4 percent to end at 7,374.27.

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