Chinese shares close lower after 5 consecutive record-breaking days
Posted on Sep-24-2007· by china investor
BEIJING, Aug. 10 (Xinhua) — Chinese shares closed 0.1 percent lower on Friday due to heavy profit taking after five consecutive record-breaking days.
The key Shanghai Composite Index, which covers A and B shares listed on the Shanghai Stock Exchange, declined 4.73 points or 0.1 percent to close at 4749.37 points.
The index ended the morning session down 76.61 points or 1.61 percent at 4677.49, despite an intraday all-time high of 4769.62 points, indicating greater volatility than previous days.
The component index of the smaller Shenzhen Stock Exchange dropped 356.94 points or 2.14 percent to 16,323.44 points.
Turnover of the two bourses added up to 227.2 billion yuan (30 billion U.S. dollars), compared with 211 billion yuan on the previous day.
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