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Listless B-share index continues losing streak

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IN Shenzhen, B shares fell in light trading, continuing the depressing lack of interest in the market and its counters.

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The Credit Lyonnais Shenzhen B index dropped 1.22 points to 1,035.75. Turnover was HK$1.47 million. One stock rose, two fell, five were unchanged and 14 were not traded.

The two-day conference delineating proposals to improve performance of the exchange have failed to excite sentiment, with investors preferring to play either the Shanghai market, or Hong Kong H shares.

Watchmaker Fiyta fell 7.1 per cent to $2.60 on trading of 16,000 shares.

Most of what limited trading activity there was focused on property developer and trader SEZ Properties and Taiwan-backed toy maker Tsann Kuen.

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Large price swings on low turnover are a common feature of trading in Shenzhen and rarely have anything to do with the company's economic prospects.

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