Shenzhen A-shares close flat; B-shares sharply higher

SHENZHEN (AFX-ASIA) - A-share prices closed flat, off intra-day lows, while sentiment remained cautious amid continued speculation that the government will soon launch a policy of floating listed companies' state shares, dealers said.	    While investors continued to focus on domestic issues, uncertainty over the outlook for Sino-U.S. relations following the collision of a U.S. navy surveillance aircraft and a Chinese fighter jet also contributed to the cautious mood, they said.	    The A-share sub-index inched up 6.41 points or 0.11 pct to 5,443.72 on turnover of 8.95 bln yuan after trading between 5,450.64 and 5,401.59.	    B-share prices closed sharply higher, in continued strong buying by domestic individuals, they said.	    Despite the gains, analysts said there are growing concerns that B-shares could soon undergo a sharp correction, adding that several key domestic institutions appear to have taken profits on their B-share positions and are now seeking other investment opportunities, particularly in China-related Hong Kong shares.	    The B-share sub-index closed 64.69 points or 3.27 pct higher at 2,038.08 after trading between 2,039.05 and 1,969.78.	    The component A- and B-share index closed 12.91 points or 0.26 pct higher at 4,940.20 on turnover of 10.7 bln yuan after trading to a high of 4,946.21 and a low of 4,897.96.	    Monkey King gained 0.27 yuan to 5.71 on volume of 8.4 mln shares.	    Angang New Steel rose 0.05 yuan to 4.92 on 9.6 mln shares, while Beijing Shougang declined 0.12 yuan to 11.51 on 3.2 mln shares and Taigang Stainless Steel rose 0.03 yuan to 7.18 on 2.9 mln shares.	    Shenzhen Development Bank dropped 0.04 yuan to 16.27 on 4.3 mln shares.	    FAW Car declined 0.04 yuan to 7.55 on 3.8 mln shares.	    Among B-shares, China Bicycle rose 0.14 hkd to 2.95 on 10.1 mln shares, while Beijing Orient Electronics gained 0.21 hkd to 10.49 on 9.3 mln shares.	    Guangdong Electric Power rose 0.14 hkd to 6.96 on 11.8 mln shares.	    Bengang Steel Plates was up 0.11 hkd to 4.99 on 6.3 mln shares. 

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