The story appears on

Page A11

December 8, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Shares decline for 4th day

SHANGHAI stocks extended their drop for a fourth day yesterday after taking their cue from declines of blue chip counters.

The Shanghai Composite Index lost 0.67 percent to 3,272.05 points.

“The index’s dropping below 3,300 points (on Wednesday) and the falling blue chip financial shares shook the confidence of some institutional investors,” Cao Xuefeng, chief strategic analyst at Huaxi Securities, said in a note.

Financial shares fell from an earlier rally after the index went below 3,300 points. CITIC Securities Co Ltd shed 3.37 percent to 18.61 yuan, New China Life Insurance Co Ltd lost 3.25 percent, and Huaan Securities Co Ltd fell by 2.38 percent.

Coal firms also posted some of the biggest drops, with Baotailong New Materials Co Ltd losing 7.54 percent while Shaanxi Heimao Coking Co Ltd and Shanxi Coking Co Ltd both declined over 6 percent.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend