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Financial chips paced the downtrend in Shanghai stock trading
By Ji Xiang |
October 13, 2014, Monday
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Online Edition
Online Edition
SHANGHAI stocks fell nearly a percent in midday trading, largely due to profit taking on blue chips after considerable gains in the previous week. The Shanghai Composite Index lost 0.97 percent to 2,351.39 points. The index rose to a twenty-month high on Thursday.
Among the biggest blue-chip losers yesterday were financial plays. Pacific Securities dropped 3.19 percent to 6.37 yuan (US$1.04), Anxin Trust lost 3.13 percent to 23.81 yuan, while Bank of Beijing dipped 2.99 percent to 7.78 yuan.
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