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China's shares hit 6-year low

www.chinanews.cn 2005-03-29 09:17:15

(Source: China Daily)

BEIJING, Mar. 29 - China's shares Monday hit their lowest intraday level
in nearly six years due to a piling up of weak investor sentiment.
The benchmark Shanghai composite index, which groups foreign currency B
shares and local currency A shares, slid 0.46 per cent to close at
1,200.113 points after initially docking at 1185.45 points at noon, 1.71
points lower than 1,187.26 -- the previous record logged in May 1999.
Turnover in Shanghai hit 4.910 billion yuan (US million) and Shanghai's
biggest decliner -- Dongfeng Technology -- shed 10.05 per cent to close
at 7.35 yuan (88 US cents).
Experts said the situation is a natural result of poor sentiment caused
by the government's new economic cooling measures and the failure of
regulators to take steps to solve the stock market's problems after the
National People's Congress (NPC) and Chinese People's Political
Consultative Conference (CPPCC).

          ��China's stock investors still face great risks (2005-03-09)
          ��China's stock markets celebrate New Year with a rally
(2005-02-17)
          ��How to rescue China's underperforming stock market
(2005-02-17)
          ��Chinese stockholders expect the market to turn (2005-02-16)
          ��Chinese stock market rebounded from its nadir (2005-02-03)
          ��Stock market still falling in the year of Rooster (2005-02-02)
          ��Chinese stock market slumping again (2005-01-21)

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