Shenzhen shares close morning slightly higher on perception of govt support

SHENZHEN (AFX-ASIA) - A-share prices closed the morning slightly higher on  perceptions the government is keen to prevent the market from falling, dealers said.	    News yesterday that the China Securities Regulatory Commission will investigate only one of the country's 10 fund management companies for share trading irregularities boosted speculation the government is reluctant to crack down on irregularities if this risks causing share prices to correct, they said.	    The A-share sub-index rose 16.21 points to 5,469.78 on turnover of 4.52 bln yuan after trading between 5,485.66 and 5,450.87.	    B-share prices closed the morning slightly higher after dropping from sharp highs in volatile trade amid strong buying and continued heavy profit-taking following the market's huge gains over recent weeks, dealers said.	    The B-share sub-index closed up 14.51 points at 2,098.48 after trading between 2,116.88 and 2,081.93. 	    The component A- and B-share index closed 16.28 points higher at 4,968.87 on turnover of 6.65 bln yuan after trading to a high of 4,983.17 and a low of 4,951.38.	    China Baoan gained 0.01 yuan to 7.91 on 3.8 mln shares.	    Tianjin Automotive Xiali gained 0.09 yuan to 7.58 on 2.2 mln shares.	    Xi'an Minsheng was up 0.04 yuan at 12.18 on 2.6 mln shares.	    Angang New Steel lost 0.02 yuan to 4.79 on 3.9 mln shares, while Taigang Stainless Steel dropped 0.03 yuan to 7.08 on 1.6 mln shares.	    Shenzhen Development Bank fell 0.02 yuan to 16.32 on 3.3 mln shares.	    Among B-shares, Bengang Steel Plates rose 0.09 hkd to 5.47 on 18.3 mln shares, while Guangdong Expressway gained 0.55 to 8.65 on 17.6 mln shares.	    Chende Dixian added 0.52 hkd to 10.7 on 12.8 mln shares.	    Chongqing Changan was up 0.02 hkd at 5.25 on 12.7 mln shares. 

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