Share prices on China's Shanghai and Shenzhen stock exchanges remained weak and closed moderately lower on Friday as pending 9 IPOs on next Monday put liquidity pressure. The benchmark Shanghai Composite Index went down 0.61 percent to end at 3,434.58 points. The Shenzhen Composite Index went down 0.72 percent to end at 2,195.86 points. The index for small firms lost 0.64 percent to end at 8,082.69, and the ChiNext Index dropped 0.9 percent to end at 2,671.29.
Combined turnover of the two bourses shrank to 632.89 billion yuan, from 728.74 billion yuan on the previous trading day.
Stocks of securities brokerage, nonferrous metals, aviation, telecom equipment and hotel sectors led the gainers on the day while medical care, Internet, software, tourism, electric appliances, media, agricultural, logistics, shipbuilding and automobile sectors led the losers.
On the stock index futures market, the IF December contract rebounded 0.39 percent to end at 3,593.0, keeping a discount of 15.06 points to the underlying Hushen 300 Index, which edged down 0.41 percent to end at 3,608.06. The SSE 50 December contract rose 0.19 percent to end at 2,340.0, keeping a discount of 2.45 points to the underlying SSE 50 Index, which fell 0.63 percent to close at 2,342.45. The CSI November contract went up 0.37 percent to end at 7,227.4, keeping a discount of 63.3 points to the underlying CSI 500 stock index, which went down 0.81 percent to end at 7,290.70.
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