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August 21, 2019

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Stocks slip as investors take profits

Shanghai stocks ended slightly lower yesterday as investors took profits from earlier gains.

The Shanghai Composite Index lost 0.11 percent to close at 2,880 points.

Shares in brokerages, automotive companies and financial enterprises were among the biggest decliners.

Investors became cautious after the index jumped more than 2 percent on Monday. Brokerage shares retreated 0.82 percent yesterday as investors sold off.

Central China Securities Co Ltd lost 1.61 percent to 4.9 yuan (69 US cents). Zhengzhou Yutong Bus Co Ltd fell 1.49 percent to 13.22 yuan.


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