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Shenzhen turnover a lift for B counters

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SCMP Reporter

SHENZHEN B shares closed mixed yesterday in trading that was an improvement on the lacklustre turnover of recent weeks.

The Credit Lyonnais B index closed up 1.23 points, or 0.11 per cent, on 1,075.37. Total turnover was HK$8 million.

Shenzhen Real Estate was the day's best performing stock, closing up 6.3 per cent at $3.50 with 40,000 shares traded, according to Bloomberg.

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Among active stocks, China Container dropped 0.9 per cent to $6.68 on turnover of $2.01 million. Lizhu Pharmaceutical was unchanged at $4.90 on turnover of $3.09 million.

News that China plans to expand B share issues this year in a bid to revive the market had little effect on the market, traders said.

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China Securities Regulatory Commission chairman Liu Hongru announced the plan in Beijing yesterday, but declined to say how many companies would list this year.

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