Shenzhen A-shares close flat; B-shares higher

SHENZHEN (AFX-ASIA) - A-share prices closed flat in thin trade amid a lack of fresh leads, dealers said.

	    Sentiment was generally firm amid hopes that market liquidity will be boosted following the expected launch of open-ended securities funds, they said.

	    B-share prices closed higher after late gains lifted prices from their lows.

	    Domestic investor sentiment towards the B-share market remained generally firm amid hopes of a boost to market liquidity from June 1 when domestic individuals are allowed to use foreign currencies deposited after Feb 19 to invest in B-shares, they said.

	    The component A- and B-share index closed 3.58 points or 0.07 pct higher at 4,865.73 on turnover of 12.59 bln yuan after trading to a high of 4,867.14 and a low of 4,836.57.

	    The A-share sub-index rose 0.05 points to 5,328.63 on turnover of 11.09 bln yuan after trading between 5,330.69 and 5,304.58.

	    The B-share sub-index closed 20.03 points or 0.92 pct higher at 2,184.91 after trading between 2,185.24 and 2,133.10.

	    Angang New Steel rose 0.03 yuan to 4.71 on 9 mln shares, while Beijing Shougang shed 0.06 yuan to 10.55 on 3.5 mln shares.

	    FAW Car gained 0.21 yuan to 7.13 on 12.1 mln shares.

	    Guizhou Tyre rose 0.28 yuan to 12.12 on 6.5 mln shares.

	    Shenzhen Development Bank shed 0.13 yuan to 15.39 on 7 mln shares.

	    China Baoan fell 0.01 yuan to 7.38 on 3.5 mln shares.

	    Among B-shares, Bengang Steel Plates rose 0.03 hkd to 5.07 on 6.2 mln shares, while Guangdong Electric Power gained 0.04 hkd to 7.03 on 5 mln shares.

	    Wuhan Boiler rose 0.31 hkd to 8.08 on 5.1 mln shares.

	    China Bicycle gained 0.25 hkd to 5.29 on 18.7 mln shares.

	    China Southern Glass rose 0.12 hkd to 9.51 on 5 mln shares.

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