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SCMP Reporter

PROFIT-TAKING continued to drive the Shanghai A market lower yesterday.

   The CLSA Shanghai A Index plunged 6.06 per cent to 7,518.94.

   Uncertainty over the eligibility of the State in listed companies' bonus shares continued to depress those stocks with a high percentage of state ownership.

    The CLSA Shanghai B Index eased 1.55 per cent to 1,115.46 amid an improved turnover of US$4.94 million.

    Refrigerator, up 1.4 per cent, was the only positive counter in the B market, closing at US$7.

  Both Shenzhen A and B shares edged lower with losses seen across most counters.

   The CLSA Shenzhen A Index shed 0.91 per cent to 2,933.28 with a very thin turnover of 14.2 million shares.

   The foreign share market also lost ground with the CLSA Shenzhen B Index easing 0.67 per cent to 1,485.66.

    China Bicycles, down 0.8 per cent, was the most actively traded B share, which accounted for 65 per cent of the B market's total turnover of 2.3 million yuan.



Shanghai A shares plummet