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Article: Market
- Article from:
- China Daily
- Article date:
- December 9, 2005
CopyrightCopyright 2005 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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SHANGHAI
Stocks slip 0.12 per cent
Chinese mainland shares slipped 0.12 per cent yesterday, as funds
sold big caps such as top Chinese steel mill Baoshan Iron and Steel
Co Ltd to lock in gains from the last two days.
The benchmark Shanghai composite index finished at 1,098.323
points, after closing higher the previous two days.
Basosteel shed 1.01 per cent to 3.93 yuan (49 US cents), after
gaining 1.28 per cent on Wednesday.
Asia's largest oil refiner, Sinopec Corp, fell 0.46 per cent to
4.31 yuan (53 US cents), following a 2.12 per cent surge the previous
day.
"It's a wise move to take a quick profit in a weak market," said
an analyst with Huatai Securities.
The major index, lifted ...