LINE

Text:AAAPrint
Economy

Chinese shares close lower on final day of 2015

1
2015-12-31 17:03Xinhua Editor: Gu Liping

China's stocks closed lower on Thursday as investors were cautious over the impending end of a six-month ban on share sales.

The benchmark Shanghai Composite Index went down 0.94 percent to close at 3,529.18 points. The smaller Shenzhen index lost 1.75 percent to close at 12,664.89 points.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, dropped 2.36 percent to close at 2,714.05 points.

Total turnover on the two bourses remained low, standing at 686.6 billion yuan (105.79 billion U.S. dollars), down from 723.3 billion yuan the previous trading day.

Early next month a six-month ban on share sales, which was imposed on listed companies' major shareholders during the stock market rout this summer, will be lifted.

Telecommunication firms led the drop, erasing the gains of the previous trading day. Datang Telecom Technology shrank 6 percent to 24.67 yuan per share. China United Network Communications dropped 2.22 percent to 6.18 yuan.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.