IN contrast to hectic trading on the Shanghai exchange, Shenzhen again had a quiet day, with B-share turnover failing to reach $1 million. The only movements of note were in Chiwan shares after a few days of losses, and Gintian, which lost ground. The Credit Lyonnais B index barely moved, losing 0.11 per cent, or 3.81 points, to close at 1,226.56 on turnover of $923,000. ''The markets are still in a consolidation phase, as shown by volume levels,'' said Joyce Leung, of Sun Hung Kai Securities. Gintian Industry led decliners, falling 2.58 per cent to $7.60. Chiwan Wharf posted the highest gain, 2.63 per cent, to close at $3.90. The Credit Lyonnais A share index lost 6.8 points, or 0.44 per cent, to close at 1,551.45, taking no lead from the resurgence of the index on the Shanghai market. Floor traders said Shenzhen authorities faced a real battle trying to breathe new life into the market which has lost its attractiveness for foreign funds and mainland punters. They said it would take time for the new-found confidence in Shanghai to filter through to the southern market.
