Shanghai A-shares close morning higher; B-shares up sharply in heavy trade

SHANGHAI (AFX-ASIA) - A-share prices closed the morning higher led by gains in high technology stocks, while turnover remained thin as investor attention continued to focus on the B-share market, dealers said. B-share prices closed the morning sharply higher, with turnover remaining relatively heavy although lighter than that seen in recent sessions, they said. Domestic buying of B-shares remains strong following the launch of a policy giving domestic individuals formal access to the market, but some analysts warned that the small capitalisation of the market, and the fact that the restrictions on B-share trades are lighter than those on A-share trades, are making the market easy prey for manipulators. The composite A-share and B-share index closed 8.46 points higher at 2,009.36 on turnover of 6.09 bln yuan after trading to a high of 2,010.78 and a low of 1,999.47. The A-share index gained 7.40 points to 2,113.36 on turnover of 4.86 bln yuan after trading between 2,115.09 and 2,103.95. The SSE-30 index rose 8.16 points to 3,887.69. The B-share index closed 5.61 points higher at 124.92 after trading between 124.92 and 119.59. more

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