CONTINENTAL Holdings resumed trading yesterday only to become the day's biggest percentage loser, on the heels of an announcement of a proposed rights issue.
The stock dived 22.535 per cent, or eight cents, to 27.5 cents and posted the day's seventh heaviest volume of 21.5 million shares on a turnover of $5.96 million.
The All Ordinaries Index lost 2.74 per cent, or 154.8 points to 5,493.42, compared with the 3.43 per cent fall in the Hang Seng Index.
This suggests that second-and third-line stocks in general stood firmer than blue chips.
Three Hang Seng Index constituent stocks featured in the top-10 losers list - further evidence that a significant proportion of the All Ordinaries fall was contributed by blue-chips rather than second-or third-liners.
The 10 heaviest traded blue-chips in monetary terms generated a combined turnover of $2.96 billion, accounting for 48 per cent of the total market turnover of $6.13 billion.