Glass spill hits market
B SHARES fell in light trading in Shenzhen yesterday, led by China Southern Glass which lost more than three per cent to HK$7.50 on trading of 100,000 shares.
The glass processor is suffering from supply problems which are unlikely to be eliminated until a float glass line comes on stream in 1996, according to Crosby Securities.
''The glass products business, 90 per cent of China Southern Glass's operations, will continue to show no growth,'' Crosby said.
The Credit Lyonnais Shenzhen B Index fell 6.13 points, or 0.59 per cent, to close at 1,036.97. The A-share index dropped 35.78 points, or 4.46 per cent, to close at 766.19.
China Bicycle trading totalled $2 million of the total market turnover of just $4 million, again because of cross trading, according to Credit Lyonnais Securities.
Also active was toy maker Tsann Kuen.