Share prices on Chinese capital markets fell on Tuesday morning upon low investor sentiment with heavyweights leading the downward trend.
The benchmark Shanghai Composite Index lost 28.50 points, or 1.66 percent, from the previous close to end the morning session at 1,691.27 points. The Shenzhen Component Index finished at 5,678.98 points, down 146.02 points, or 2.51 percent.
Losses outnumbered gains by 748 to 108 in Shanghai, and by 632 to 102 in Shenzhen.
Analysts with Nanjing Securities said the fact that huge amount of former non-tradable shares would become negotiable and the negative impact of global financial woes would continue to pressure Chinese investors. The markets would remain dull in the coming few weeks, the analysts forecast.
(Xinhua News Agency November 4, 2008)
