Shenzhen A-shares close morning slightly lower; B-shares higher

SHENZHEN (AFX-ASIA) - A-share prices closed the morning slightly lower as prices remained under pressure from declines in key large-caps, particularly index-heavyweight Shenzhen Development Bank, dealers said.	    The bank has been the subject of sustained selling following its announcement earlier in the week that it has revised down its net profits in 1998 and 1999 by a combined 752.6 mln yuan, and used all of its earnings in 2000 to fund retroactive provisions on bad loans.	    Nonetheless, A-share selling pressure remained generally weak amid a lack of significant negative news, and amid expectations institutions will continue to try to push prices higher in the near term.	    The A-share sub-index dropped 16.16 points to 5,487.90 on turnover of 5.22 bln yuan after trading between 5,518.89 and 5,480.60.	    B-share prices closed the morning higher after rebounding off their mid-session lows as institutional support and sustained domestic retail buying offset pressure from profit-taking, they said.	    The B-share sub-index closed 9.45 points higher at 2,131.20 after trading between 2,144.84 and 2,101.52.	    The component A- and B-share index closed 11.90 points lower at 4,990.02 on turnover of 6.53 bln yuan, after trading to a high of 5,015.20 and a low of 4,983.39.	    Shenzhen Development Bank dropped 0.01 yuan to 16.38 on 3.7 mln shares.	    Yangzi Petrochemical dropped 0.06 to 6.39 on 2.1 mln shares.	    Beijing Shougang shed 0.08 to 11.12 on 2.6 mln shares, while Angang New Steel gained 0.02 to 4.74 on 2.5 mln shares.	    Among B-shares, Guangdong Electric Power rose 0.03 hkd to 7.14 on 5.5 mln shares, while Shandong Airlines gained 0.38 to 8.87 on 7.3 mln shares and Livzon Pharmaceutical gained 0.13 to 8.19 on 4.3 mln shares.	    China Bicycle dropped 0.08 to 2.84 on 7.3 mln shares. 

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