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Profit-taking hits shares
Source: Shanghai Daily |
February 24, 2017, Friday
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Print Edition
Print Edition
SHANGHAI stocks edged down yesterday as investors took profits in cement companies.
The Shanghai Composite Index dipped 0.3 percent to 3,251.38 points, ending a three-day winning streak.
Investment sentiment was also hurt after the People’s Bank of China and other financial regulators vowed stricter rules over the asset-management industry to prevent financial risks, said Cao Xuefeng, head of research at Huaxi Securities.
Cement maker Sichuan Golden Summit lost 7.8 percent to 16.33 yuan (US$2.38).
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