PEREGRINE Investment Holdings yesterday fell 5.1 per cent amid concerns that Barings troubles would have a domino effect on other investment banks. The company fell 50 cents to the close of $9.30 after recovering from a sharp fall, by as much as 6.12 per cent, in yesterday's trading. Lippo Securities corporate salesman Terence Ho said: 'The disappointing performance is mainly due to the worry of the impact on other investment banks arising from the Barings' issue.' Despite the company's clarification that it had no outstanding transactions with Barings, the performance of the stock has not improved. Trading volume was 836,800 shares. Shares in other financial institutions were disappointing. HSBC Holdings topped the list of net loss leaders with a fall of $2, or 2.45 per cent, to $79.75. Guoco Group fell 2.17 per cent to $29.30 while Dao Heng Bank dropped 2.51 per cent to $17.45. The Hang Seng China Enterprises Index, which tracks 15 H shares, fell 11.41 points or 1.11 per cent to 1,016.02. The fall was led by some of the largest H share companies. Maanshan Iron & Steel fell four cents to $1.53 while Shanghai Haixing Shipping tumbled two cents to $1.45. Shanghai Petrochemical fell five cents to $2.35 from $2.40. Beiren Printing fell one cent to $1.78 while Tsingtao Brewery fell five cents to $3.70. Other China-related shares were mixed. The continuing cautious sentiment in Shougang International after its chairman Zhou Beifang was arrested by the Beijing Government 10 days ago caused a drop in the stock. The stock yesterday fell nine cents to $1.55 from $1.64. Brokers did not expect a rebound in the share until investors had a clear picture about Zhou's arrest. CITIC Pacific rose 10 cents to $19.05. The worst player yesterday was Chung Tai Printing, posting a fall of 9.86 per cent to $0.32. CIL Holdings fell 6.97 per cent to $0.40. The best player was Recor Holdings, with a rise of 10.6 per cent to $0.365.