Mixed trade as investors tread softly

THE Shenzhen markets seesawed yesterday in moderate trading as investors remain cautious about future developments.

Both markets did manage to edge up, however, perhaps bolstered by the buying spree in Shanghai.

The CLSA Shenzhen A Index was up a modest 0.73 per cent to close at 2,837.36.

Trading in the B market was exceptionally light, with the Shenzhen B Index closing up 0.45 per cent at 1,241.58.

A wave of mass speculative buying hit the Shanghai A market yesterday.

Investors bought heavily on news that the securities committee was finally going to resolve the issue of state-owned bonus shares.