Shanghai A-shares close higher; B-shares sharply higher

SHANGHAI (AFX-ASIA) - A-share prices closed higher on continued institution-led gains in key large caps, dealers said.	    Analysts said turnover was high amid the injection of a large amount of fresh funds in the wake of a dearth of initial public offerings in recent sessions.	    Although there is speculation that institutions may be seeking to generate index gains to offset the impact of profit-taking in stocks with smaller index weightings, some analysts said institutions may have set aside concerns over the government crackdown on widespread trading irregularities.	    B-share investor sentiment appeared to be little affected by official reports citing a spokesman for the China Securities Regulatory Commission as saying that the CSRC is determined to implement its regulations on the delisting of loss-making firms.	    According to the reports, the CSRC spokesman said loss-making companies with "particular transfer" status, and those facing the threat of "PT" status, are high risk investments, facing the risk of both delisting and bankruptcy.	    Nonetheless, poor quality and loss-making B-share firms remained among the strongest gainers.	    The A-share index gained 19.99 points or 0.92 pct to 2,189.54, the high for the day, on turnover of 14.95 bln yuan. The low was 2,170.81.	    B-share prices were sharply higher, led by poorer quality companies seen benefiting from restructuring, dealers said.	    The B-share index closed up 9.03 points or 6.38 pct at a new record high of 150.48 after trading to a low of 142.51.	    The composite A and B-share index rose 21.14 points or 1.02 pct at a high of 2,087.53 on turnover of 18.55 bln yuan, after trading to a low of 2,068.14.	    The SSE-30 index rose 39.23 points to 4,060.40.

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