SHANGHAI B shares were mixed yesterday as investors held back funds for next month's share offer by a Shanghai real estate developer.
'We are all waiting for the new listings,' said Julie Leung, China analyst with Sassoon Securities.
The Credit Lyonnais Shanghai B Index rose 1.38 points, or 0.16 per cent, per cent to 871.77 on trading worth US$2.99 million, down from $4.15 million on Monday. The A-share index jumped 108.21 points, or 3.05 per cent, to close on 3,657.03.
Bloomberg reported that nine B-share stocks rose, nine fell and 12 were unchanged.
Real estate developers Jinqiao and Outer Gaoqiao both rose.
'Some people like the two companies for trading purposes since they always have trading volume,' Ms Leung said.
Jinqiao gained 0.7 per cent to 88.8 cents on turnover worth $220,000. Outer Gaoqiao shares rose 1.9 per cent to 75.4 cents, with shares worth $470,000 changing hands.
