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Gintian heads for lower levels

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AFTER slipping 2.6 per cent on Thursday, Shenzhen Gintian lost a further 5.4 per cent yesterday to close at $7 on a turnover of $126,000.

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The Credit Lyonnais Shenzhen B index shed 3.56 points, or 0.29 per cent, to 1,217.56, with $2.3 million worth of shares changing hands.

Brokers said most of the big investors in Shenzhen had now gone to the Shanghai market in the wake of the lacklustre activity in Shenzhen.

Trading interest in the Shenzhen market was weak, with brokers expecting the sluggishness to continue for quite some time.

Property developer Shenzhen Special Economic Zone Real Estate was again the day's most actively traded stock. It edged up five cents to $3.75.

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China Southern Glass, a downstream glass manufacturer, saw a turnover of $325,000. It was unchanged at $12.50.

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