FOR the third successive day, the Shenzhen stock exchange was dominated by activity in SEZ Real Estate. Yesterday, the foreign market decided to sell and unloaded the stock at a rapid rate. Despite the bail-out by foreign cash, the counter still managed to put on 2.6 per cent thanks to strong support from mainland-based investors. It closed at $3.95 and was again by far the most actively traded stock, as it has been all this week. Apart from SEZ Real Estate, the turnover was exceedingly light and most stocks were virtually unchanged. The Credit Lyonnais As-share index was up 1.47 per cent, taking back a little of last week's losses, while the B-shares shed 0.22 per cent to finish at 1,350.58. Like Shanghai, the Shenzhen market is very much in a wait-and-see mode with large investors on the sidelines and no one really willing to attack the market for lack of confidence on where it is headed. Brokers are still awaiting the traditional Lunar New Year surge in the hope that it will breathe some life into the moribund markets.