Chinese kitchen cabinets onlineshares down 0.59%
kitchen cabinets online washing machine spare parts stainless steel cable tie blu ray ripper Aloe vera parking lot Globe Valve Factory forged steel valve safety mats capsule filling machine china jewelry bridal dress led light reading glasses frame vetements en ligne bottes cavalières ballerines pas chères bedroom furniture outdoor playgrounds fashion wedding dress Chinese shares down 0.59%Published: 16 Dec 2009 11:02:01 PST
China's key stock index dropped 0.6 percent Wednesday, weighed down by the prospect of heavy new share supplies after news that Industrial Securities had applied for an IPO while China Shipbuilding Industry made a lukewarm market debut.
The Shanghai Composite Index ended at 3,255.213 points. Losing Shanghai A shares outnumbered gainers by 565 to 310, while turnover slipped to 123 billion yuan ($18.02 billion) from Tuesday's 126 billion yuan ($18.45 billion).
China Shipbuilding Industry rose 12.47 percent from its IPO price to 8.31 yuan ($1.22) in its Shanghai trading debut, lagging analyst forecasts after raising $2.2 billion in China's third-largest IPO this year.
The index has been weighed down over the past week by concerns about rising share supplies.
China's Industrial Securities is planning to raise about 6 billion yuan ($878.75 million) in an initial public offering and submitted an application to authorities early this month, Shanghai Securities News reported Wednesday.
Eight shares to be listed on the ChiNext market for start-up shares accepted subscriptions Wednesday, while six more start-ups have launched initial public offerings.
Reuters
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