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

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

	    Selling pressure remained weak, since most share prices have been flat for several months, despite steady index gains, and few investors are interested in selling their shares until they have accumulated leeway to take profits, they said.

	    B-share prices closed the morning higher on continued strong domestic buying amid expectations of a surge in liquidity from June 1, when domestic individuals gain the right to use foreign currency deposited after February 19 to invest in B-shares, they said.

	    The component A- and B-share index closed 15.42 points higher at 4,856.86 on turnover of 5.75 bln yuan after trading to a high of 4,866.50 and a low of 4,846.49.

	    The A-share sub-index rose 12.17 points to 5,306.85 on turnover of 4.52 bln yuan after trading between 5,319.29 and 5,298.34.

	    The B-share sub-index closed 29.40 points higher at 2,238.34 after trading between 2,243.28 and 2,219.39.

	    Shenzhen Development Bank rose 0.37 yuan to 15.6 on 4.8 mln shares.

	    Angang New Steel dropped 0.02 yuan to 4.66 on 3.6 mln shares, while Beijing Shougang rose 0.06 yuan to 10.38 on 1.9 mln shares.

	    Fujian Juizhou rose 0.01 yuan to 6.99 on 5.1 mln shares.

	    Among B-shares, Shenzhen SEG gained 0.24 hkd to 6.9 on 11.6 mln shares, while Bengang Steel Plates rose 0.08 hkd to 5.22 on 6.8 mln shares and Guangdong Expressway gained 0.02 hkd to 6.31 on 6.3 mln shares.

	    China Southern Glass rose 0.29 hkd to 10.05 on 5.8 mln shares.

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