1st LD-Writethru: Chinese shares close lower Wednesday

0 Comment(s)Print E-mail Xinhua, September 12, 2018
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BEIJING, Sept. 12 (Xinhua) -- Chinese stocks closed lower Wednesday with the liquor-making industry leading the decline.

The benchmark Shanghai Composite Index edged down 0.33 percent to close at 2,656.11 points. The Shenzhen Component Index closed 0.7 percent lower to end at 8,111.16 points.

Trading remained thin, with a combined turnover on the two bourses at 217.8 billion yuan (about 31.7 billion U.S. dollars), down from 221.2 billion yuan on Tuesday.

The liquor-making sector dropped the most on Wednesday, with the sub-index down 2.34 percent. Anhui Gujing Distillery Company lost 3.17 percent to close at 71.99 yuan per share.

Medical equipment and biopharmaceutical sectors were also among the weakest, with the sub-indices down 2.28 percent and 1.56 percent respectively.

Bucking the downward trend, the sub-index of the shipbuilding sector surged 1.04 percent, with China Avionics Systems rising 8.54 percent to close at 15 yuan per share.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.67 percent to close at 1,385.8 points. Enditem

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