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

SHENZHEN (AFX-ASIA) - A-share prices closed the morning higher in thin trade, dealers said.	    They said the gains were largely driven by continued institutional support for key large-caps, while there were generally few fresh leads.	    The A-share sub-index rose 30.17 points to 5,515.46 on turnover of 4.86 bln yuan after trading between 5,525.45 and 5,477.78.	    B-share prices were sharply higher amid continued strong buying by domestic individuals, while selling pressure was weak as many existing B-share holders remain reluctant to trim their positions amid expectations of further sharp gains in the near term, they said.	    The B-share sub-index closed 41.91 points higher at 2,117.51 after trading between 2,136.83 and 2,106.82.	    The component A- and B-share index closed 30.87 points higher at 5,011.30 on turnover of 5.56 bln yuan, after trading to a high of 5,021.13 and a low of 4,977.94.	    Tangshan Iron & Steel declined 0.07 yuan to 9.0 on volume of 10.3 mln shares, while Angang New Steel dropped 0.02 to 4.86 on 2.8 mln shares and Beijing Shougang shed 0.09 to 11.42 on 2.1 mln shares.	    Shenzhen Development Bank dropped 0.09 to 16.4 on 2.2 mln shares.	    China Vanke rose 0.15 to 15.25 on 4.2 mln shares.	    CITIC Guoan gained 1.65 to 27.73 on 3.9 mln shares.	    Among B-shares, China Bicycle dropped 0.08 hkd to 3.18 on 14.8 mln shares, amid concerns over the company's debt position after the company's major shareholder and creditor Hong Kong (Link) Bicycles went into liquidation.	    At end-2000, China Bicyle had a net asset value of minus 60 mln yuan.	    Jiangling Motors rose 0.35 hkd to 5.51 on 13.3 mln shares, while Chongqing Changan gained 0.1 to 5.1 on 6 mln shares.	    Bengang Steel Plates was up 0.1 to 5.28 on 8.8 mln shares.	    Guangdong Electric Power gained 0.01 to 7.17 on 3.3 mln shares.    

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