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Market continue fall

SHANGHAI'S key stock index extended the biggest weekly loss in six months today, led by sluggish lenders and property developers.

The benchmark Shanghai Composite Index lost 0.34 percent, or 10.93 points, to close at 3,249.76 points. Turnover dropped to 153.09 billion yuan (US$22.51 billion) from 185 billion yuan last Friday. Gainers outnumbered losers 548 to 306 and 14 remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, closed up 0.46 percent at 1,092.19 points.

Poly Real Estate Group Co dropped 2.5 percent to 25.76 yuan.

Gemdale Corp fell 3.15 percent to 16.28 yuan. Shanghai-based Shimao Co dropped 1.44 percent to 15.98 yuan. Poly Real Estate Group Co dropped 2.5 percent to 25.76 yuan.

Shanghai Pudong Development Bank Co dropped 1.77 percent to 24.43 yuan. Industrial & Commercial Bank of China, the nation's biggest lender, inched down 0.2 percent to 5.08 yuan. China Construction Bank lost 1.96 percent to close at 5.99 yuan. Bank of China dropped 0.91 percent to 4.34 yuan.

Bucking the downward trend, copper producers gained on higher copper futures. Aluminum Corporation of China, the nation's biggest maker of the lightweight metal, increased 3.55 percent to 18.1 yuan. Yunnan Copper grew 4.86 percent to 33.87 yuan. Jiangxi Copper climbed 3.89 percent to 43.81 yuan.


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