A NUMBER of red chips and H shares lost ground in busy trading on the eve of the market debut of H share Yizheng Chemical Fibre, which starts trading today.
Shanghai Petrochemical surrendered 5.102 per cent, or 12.5 cents, to $2.325 on the back of the day's second heaviest volume of 19.20 million shares that produced turnover of $46.73 million.
Guangzhou Investment also booked a loss during active trading. It lost 0.943 per cent, or 2.5 cents, to $2.625 as 17.12 million shares - the day's third highest volume - worth $46.46 million changed hands.
Shougang Grand edged up 1.587 per cent, or five cents, to $3.20, chalking up the day's fifth highest trading volume of 16.14 million shares on turnover of $52.16 million.
However, Shougang International came off 3.053 per cent, or 10 cents, to $3.175 on the day's ninth highest volume of 10.94 million shares on turnover of $36.08 million.
China Resources finished as the tenth biggest loser, dumping 5.714 per cent, or 20 cents, to $3.30 on turnover of $2.13 million and a volume of 630,000 shares.