B-SHARE trading all but ground to a halt in Shenzhen yesterday, with just four stocks recording transactions and a paltry 170,000 shares changing hands.
The chronically depressed trade was pushed even lower by computer problems, which closed the market for the afternoon when it interfered with transactions.
The Credit Lyonnais B-share index was barely changed at 1,121.64 points - just 0.19 point up on Monday's close. The Credit Lyonnais A-share index lost 6.92 points, or 0.66 per cent, to close at 1,035.
''It is a question of fundamentals. Overseas investors are more willing to buy Shanghai stocks than those in Shenzhen,'' said Sun Hung Kai's Unit Trust Managers' Simon Lee.
Investors said many Shenzhen companies were slow in disclosing information and flitted from business to business, engaging in risky stock and real estate speculation.
The day's most active stock was China Southern Glass which was unchanged at HK$7.80 with 60,000 shares traded.
