Shanghai B index is the odd gainer out

ONLY the Shanghai B market gained yesterday, with the other three indices losing ground.

The Credit Lyonnais Shanghai B Index added 0.35 per cent, 2.21 points, to close at 629.12, pushed up by gains in stocks of No 2 Textile Machinery, Wing Sung and Tyre and Rubber.

In the A market for domestic investors, trading was moderate.

The Credit Lyonnais index ended down 1.92 per cent, just over 100 points, at 5,151.75.

In Shenzhen, the B share market was active, with turnover of US$1.92 million. The biggest mover was China Bicycle, whose shares plunged 16.67 per cent to HK$7.5.

The Credit Lyonnais Shenzhen B index lost 0.57 per cent, 4.61 points, to close at 810.61.