Shenzhen shares close flat amid consolidation

SHENZHEN (AFX-ASIA) - A-share prices closed flat after rebounding from their mid-session lows, dealers said.	    A-shares saw some consolidation following several days of gains, but sentiment remains strong on the belief that the government is unwilling to allow share prices to correct, they said.	    The A-share sub-index rose 9.10 points or 0.16 pct to 5,516.87 on turnover of 10.22 bln yuan after trading between 5,534.28 and 5,483.94.	    B-share prices also closed flat after trading to sharp highs and lows as strong buying met with heavy profit-taking following the B-shares' huge gains over recent weeks, they said.	    The B-share sub-index closed 8.06 points or 0.37 pct at 2,124.07 after trading between 2,200.88 and 2,066.61.	    The component A- and B-share index closed 6.90 points or 0.13 pct higher at 5,013.85 on turnover of 15.89 bln yuan after trading to a high of 5,037.51 and a low of 4,982.80.	    China Vanke gained 0.26 yuan to 15.25 on volume of 12.7 mln shares.	    Panzhihua New Steel gained 0.05 yuan to 8.85 on 16.9 mln shares, while Angang New Steel shed 0.06 yuan to 4.74 on 8.9 mln shares and Beijing Shougang declined 0.06 yuan to 11.44 on 5.1 mln shares.	    Shenzhen Development Bank rose 0.1 yuan to 16.38 on 8.2 mln shares.	    Monkey King dropped 0.29 yuan to 5.46 on 13.6 mln shares.	    Among B-shares, Wuhan Boiler gained 0.64 hkd to 7.5 on 41 mln shares, while Shenzhen North Jianshe Motorcycle gained 0.7 hkd to 7.98 on 41 mln shares.	    China Southern Glass rose 0.31 hkd to 9.6 on 27.2 mln shares.	    Shenzhen SEG dropped 0.55 hkd to 6.21 on 26.8 mln shares, while Bengang Steel Plates shed 0.41 hkd to 5.21 on 43 mln shares.

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