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Shanghai stocks plumb near 13-mth low on liquidity worries


Monday, 11 June 2018 14:44 WIB

The Shanghai Composite IndexSaham Cina Shanghai compositeCSI 300 Blue-Chip


c_740_198_16777215_00_images_assets_HANGSENG_Shanghai-Stock-Exchange.jpg

Shanghai stocks closed lower for a third straight session on Monday, on investor concerns over the liquidity conditions in the market.

The Shanghai Composite Index touched its lowest level since last May before closing down 0.5 percent at 3,052.78 points, while the blue-chip CSI300 index was unchanged at 3,779.98 points.

China issued final rules on CDRs on Wednesday, allowing overseas-domiciled Chinese technology firms to file a domestic listing application immediately.

The largest percentage gainers on the main Shanghai Composite index were Hubei Zhenhua Chemical Co Ltd up 10.03 percent, followed by Zhejiang Meilun Elevator Co Ltd gaining 10.03 percent and Tanyuan Technology Co Ltd up by 10.02 percent

The largest percentage losers on the Shanghai index were Henan Yinge Industrial Investment Co Ltd down 9.96 percent, followed by Gem-Year Industrial Co Ltd losing 9.76 percent and Tongwei Co Ltd down by 9.53 percent.

Source: Reuters


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