China: Stocks close down, trading volume 1-mth low

[SHANGHAI] China stocks closed down in thin trading on Tuesday as cautious investors waited on more details on Beijing's 13th-five year plan, a blue-print of policy priorities of the Chinese Communist Party Central Committee.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.3 per cent, to 3,465.49, while the Shanghai Composite Index lost 0.3 per cent, to 3,316.70 points. Total trading volume hit a one-month low.

Among the most active stocks in Shanghai were Meiyan Jixiang, down 1.7 per cent to 7.58 yuan; Agricultural Bank Of China, down 1.0 per cent to 3.08 yuan and Jiangnan Fiber, down 9.2 per cent to 7.35 yuan.

In Shenzhen, Suning Appliance, down 2.5 per cent to 16.05 yuan; Tongling Nonferrous Metals Group, up 0.8 per cent to 3.68 yuan and BOE Technology Group, unchanged at 2.89 yuan were among the most actively traded.

Total volume of A shares traded in Shanghai was 19.2 billion shares, while Shenzhen volume was 22.4 billion shares.

REUTERS