Mainland stock indices dipped yesterday on technical factors, ending six straight trading sessions of gains.
Analysts said the fall highlighted the fragility of investor confidence and unresolved key issues such as an over-restrictive share issue system at a time when new share offers are expected to pick up steam.
The Shanghai A-Share Index fell 26.436 points to 1,680.255, while the Shenzhen A-Share Index dropped 5.9 points to close at 466.98.
The Shanghai B-Share Index ended with a loss of 1.813 points at 128.343, while the Shenzhen B-Share Index was off 5.6 points at 226.99.
'A technical adjustment was due after several days of continuous gains,' Xiangcai Securities analyst Tang Yong said.
Earlier optimism generated by China's 9.9 per cent economic growth in the first quarter - the fastest quarterly growth since 1997 - had been exhausted.
'It's very hard to say whether that rate could be sustained in the second, third and fourth quarters,' Mr Tang said. 'There are many impediments to that.'
