After several days of continuous rises, share prices on China's Shanghai and Shenzhen stock exchanges corrected and closed tad lower on Friday amid thinner turnover as short-term profit taking pressure grew. The benchmark Shanghai Composite Index edged down 0.03 percent to end at 3,578.96 points. The Shenzhen Composite Index decreased 0.28 percent to end at 2,335.60 points.
The index for small firms fell 0.39 percent to end at 8,478.87, and the ChiNext Index dipped 0.19 percent to end at 2,830.26. Combined turnover of the two bourses shrank to 958.9 billion yuan, from 996.3 billion yuan on the previous trading day. Stocks of internet, software services, telecom operation, securities dealers, nonferrous metals, computer equipment, engineering machinery, telecom equipment, media and entertainment, and aviation devices sectors led the losers on Friday, while the tourism, banking, liquor-making, coal, transport services, medicines, mineral products and logistics sectors outperformed.
On the stock index futures market, the IF January contract increased 0.80 percent to end at 3,704.8, keeping a discount of 63 points to the underlying Hushen 300 Index, which went up 0.32 percent to end at 3,767.91. The SSE 50 January contract rose 1.02 percent to end at 2,397.0, keeping a discount of 25 points to the underlying SSE 50 Index, which increased 0.60 percent to close at 2,422.83. The CSI January contract advanced 0.65 percent to end at 7,487.6, keeping a discount of 213 points to the underlying CSI 500 stock index, which went down 0.22 percent to end at 7,699.37. The December contracts expired on Friday.
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