B shares decline further

PUBLISHED : Wednesday, 16 February, 1994, 12:00am
UPDATED : Wednesday, 16 February, 1994, 12:00am

AFTER plunging 9.2 per cent on Monday, the Shenzhen B market fell slightly further yesterday, the Credit Lyonnais Shenzhen B index dipping 10.57 points, 0.81 per cent, to finish on 1,293.26.

Trading was concentrated on a few counters, with about half of the stocks seeing no trading at all.

China Bicycle, Shenzhen Special Economic Zone Real Estate and China Southern Glass accounted for 90 per cent of the total $12.2 million worth of B shares traded in Shenzhen yesterday.

China Bicycle was down 1.3 per cent to finish on $7.55. Shenzhen SEZ Real Estate lost 2.6 per cent to close at $3.75. China Southern Glass shed 1.5 per cent to close at $12.80.

The day's biggest loser, however, was food and beverage maker Zhongchu, which plummeted 5.5 per cent to $5.20.

The Credit Lyonnais Shenzhen A index gained just 0.84 points, 0.05 per cent, to finish on 1,642.46, after dropping 1.36 per cent on Monday.

Turnover for the mainlanders-only market stood at 557.8 million yuan (about HK$493.7 million).