TRADING in second-line stocks was sluggish with the performance of selected counters influenced by earnings results. Dealing in small and medium-sized companies accounted for 25.7 per cent, or $582 million, out of a turnover of $2.26 billion, while H shares took up only $45 million, or two per cent. China Strategic Holdings was the best performer, gaining 22.5 cents, or 7.9 per cent, to $3.05. H-share Maanshan Iron and Steel gained one cent, or 0.6 per cent, to $1.57. Both China Strategic Holdings and Maanshan Iron and Steel were to announce their 1994 earnings on Monday. Dongfang Electrical Machinery Co edged up 17.5 cents, or 6.7 per cent, to $2.775. It reported a 198 per cent surge in profit to $95.6 for last year. Shanghai Petrochemical, gained 7.5 cents, or by 3.2 per cent, to $2.35. On Thursday, the H-share company, China's largest petrochemical company, announced a 71 per cent increase in profit to 1.49 billion yuan (about HK$1.36 billion) for last year on the strength of rising chemical prices. Hang Seng China Enterprises Index notched up 7.18 points, or 0.74 per cent, to 983.56. Guangzhou Investment, which posted a lower than expected earnings earlier this week, shed seven cents, or 4.9 per cent, to $1.34. It was one of the 10 most heavily-traded stocks yesterday, with a volume of 9.1 million shares worth $12.2 million. China-backed company Guangnan (Holdings) added four cents, or 2.6 per cent, to $1.55. A subsidiary of Guangdong Enterprises Holdings, Guangnan reported a 87 per cent profit growth to $73.1 million for last year. Mainland controlled Hoi Sing Holdings, the target of a takeover bid, gained three cents, or six per cent, to 53 cents. CIL Holdings closed down 5.5 cents, or 10.1 per cent, to end at 48.5 cents on profit-taking. Crocodile Garments closed at 55 cents, losing four cents, or 6.7 per cent. Champion Technology, which has often hit the top 10 charts in recent times, lost one cent, or 1.5 per cent, to 63 cents with 11.9 million shares changing hands.