The story appears on

Page A10

June 13, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Shares dip as investors take profit

SHANGHAI shares edged lower yesterday as investors took profit after a four-day rally.

The Shanghai Composite Index dipped 0.59 percent to 3,139.88 points after rising to a one-and-half-month high last Friday.

Electronics and information technology shares fell, with Shanghai Laimu Electronics Co plunging by the daily limit of 10 percent to 32.95 yuan (US$4.8), as did Gigadevice Semiconductor (Beijing) inc to 79.88 yuan.

“Investors have rushed to take profits after a short-term rebound,” Fan said.

Investor sentiment also dimmed after the government approved initial public offerings at the weekend, which “contradicted its previous proposal to limit” the approval pace, said Fan Bo, analyst at AVIC Securities.


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