Text: | Print|

    Stock indexes slide amid concerns over effect of new IPOs

    2014-04-25 08:14 Global Times Web Editor: qindexing
    1

    Stock markets in the Chinese mainland fell Thursday, with new IPOs seemingly in the pipeline.

    The benchmark Shanghai Composite Index fell by 10.35 points or 0.50 percent to 2,057.03 points on Thursday.

    The Shenzhen Component Index inched down by 15.28 points or 0.21 percent to 7,419.44 points.

    Combined turnover on the two bourses on Thursday was 142.67 billion yuan ($22.50 billion), up from the previous trading day's 140.45 billion yuan.

    On Wednesday, the China Securities Regulatory Commission unveiled a fourth batch of draft IPO prospectuses for 10 firms to get listed on the mainland stock markets, bringing the total number of draft IPO prospectuses released since Saturday to 75.

    The possible resumption of new IPOs has raised concerns among investors that it could lead to funds being drained away from existing stocks.

    Stocks that have listed this year have seen an overall decline. Geron Co has fallen the most, sinking by 8.64 percent to 26.02 yuan

    Shares linked to lottery and health-care companies also declined on Thursday. Guangdong Guangzhou Daily Media Co fell by the daily limit of 10 percent to 16.25 yuan, while Jiangsu Yuyue Medical Equipment and Supply Co also plunged by 10 percent to 27.59 yuan.

    Meanwhile, real estate developers and coal companies, as well as firms making wearable devices outperformed.

    ChiNext, China's NASDAQ-style board for high-tech and fast-growing start-ups listed in Shenzhen, fell on Thursday for a fourth consecutive day. The index dropped by 6.93 points or 0.52 percent to 1,319.51 points.

    Comments (0)
    Most popular in 24h
      Archived Content
    Media partners:

    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 剑川县| 尚义县| 威远县| 南皮县| 望谟县| 潞城市| 中江县| 迭部县| 宾阳县| 南华县| 玉门市| 承德市| 读书| 涟水县| 连城县| 漳州市| 东平县| 灵川县| 祁连县| 博湖县| 边坝县| 夏津县| 安吉县| 固安县| 敦化市| 伊金霍洛旗| 常熟市| 南宫市| 乐至县| 界首市| 迭部县| 和平县| 游戏| 江阴市| 堆龙德庆县| 石棉县| 荃湾区| 高邑县| 黄大仙区| 鹤峰县| 香河县|