1st LD-Writethru: Chinese shares close lower Wednesday

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BEIJING, March 20 (Xinhua) -- Chinese stocks closed lower Wednesday with the electronics, agriculture and aircraft manufacturing sectors leading the losses.

The benchmark Shanghai Composite Index dropped 0.01 percent to close at 3,090.64, while the Shenzhen Component Index closed 0.40 percent lower at 9,800.60.

Combined trading volume on the two indexes increased to 779.9 billion yuan (around 116.2 billion U.S. dollars), from 775.6 billion yuan the previous trading day.

Losers outnumbering gainers by 749 to 657 on the Shanghai bourse, and 1,245 to 809 in Shenzhen.

Shares in the electronics, agriculture and aircraft manufacturing sectors were sluggish. Tangrenshen Group Co. Ltd., an animal feed producer based in south China's Hunan Province, dropped 8.5 percent to 12.81 yuan per share.

Bucking the trend, stocks of the pulp and paper industry saw notable growth. For example, Mudanjiang Hengfeng Paper Co. Ltd. increased by the daily limit of 10 percent to finish at 9.54 yuan per share.

The ChiNext Index, China's NASDAQ-style board, dropped 1.23 percent to close at 1,687.90. Enditem

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