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Investors head for sidelines

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SHENZHEN B shares fell yesterday on low volume with traders seeing few signs that investors are poised to return, according to Bloomberg.

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Only eight stocks were traded and the Credit Lyonnais Shenzhen B index shed 5.26 points, or 0.49 per cent, to 1,076.83. Turnover was thin at $907,000.

''With such low volume levels, no one wants to buy because they know they will have difficulty selling afterwards,'' said Nikko Securities deputy manager Kunihiko Sakurai.

''A lot of Japanese investors are keen to get into the B share market but they want more information on the companies and China in general,'' he said.

The most active stock was Lizhu Pharmaceutical which added 10 cents to $4.90 with 70,000 shares traded.

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Real estate stock Shenzhen Gintian Industry shed 30 cents to $3.50 on a volume of 22,000 shares.

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