The rally in H shares petered out yesterday, with the stocks succumbing to profit-taking after a two-day surge. The Hang Seng China Enterprises Index, which measures the 21 H shares, fell 2 per cent to 818.79 points. It had risen 6.42 per cent over the previous two trading days. Brokers said there was little follow-through buying, as some investors were worried that some companies might follow the lead of Guangdong Investment and make a share placement. Chengdu Telecommunications Cable lost 5.26 per cent to 90 cents, Guangshen Railway lost 4.76 per cent to $3 and Harbin Power Equipment slid 4.65 per cent to $1.23.