Business
        

Money

Shanghai listed stocks fall for 4th straight day

Updated: 2011-07-22 09:37

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- Shanghai listed stocks fell for the fourth day in a row on Thursday, dragged down by shipbuilding and non-ferrous metals sectors.

The benchmark Shanghai Composite Index moved down 1.01 percent, or 28.31 points, to close at 2,765.89.

The Shenzhen Component Index lost 0.75 percent, or 92.58 points, to finish at 12,301.41.

Combined turnover for the two bourses shrank to 178.7 billion yuan ($27.69 billion) from 183.8 billion yuan on the previous trading day.

Losers outnumbered gainers 744 to 261 in Shanghai and 1,024 to 258 in Shenzhen.

Shipbuilders led the fall with Guangzhou Shipyard International Co Ltd down 4.94 percent to finish at 22.72 yuan. Sunbird Yacht Co Ltd slumped 3.92 percent to 20.84 yuan.

Shares of non-ferrous metals fell 2.72 percent across the board. Anhui Jingcheng Copper Share Co Ltd tumbled 4.25 percent to close at 18.8 yuan while Zhuzhou Smelter Group Co Ltd lost 3.4 percent to 17.62 yuan.

Shares related to environmental protection fell following Wednesday's rally boosted by the government's announcement on Tuesday to review and approve a 2011-2015 work plan on energy-saving and emissions reduction.

Zhongyuan Environment-Protection Co Ltd plunged 3.72 percent to 10.88 yuan while Beijing Originwater Technology Co Ltd fell 3.95 percent to 43.56 yuan.

Bucking the trend, shares of liquor producers rose with Hebei Hengshui Laobaigan Liquor Co Ltd up 7.83 percent to close at 35.95 yuan. Yantai Changyu Pioneer Wine Co Ltd gained 2.51 percent to 112.2 yuan.

Specials

China-US Governors Forum

The first China-US Governors Forum is held July 15 in the Salt Lake City, the United States.

My China story

Foreign readers are invited to share your China stories.

Rare earths export quota

China kept its export quota at almost the same level as last year.

Watchdog deems oil leak in bay a 'disaster'
Power failure delays 29 bullet trains
Economic growth eases amid tightening