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China shares close lower Tuesday

English.news.cn   2014-12-30 15:15:09

BEIJING, Dec. 30 (Xinhua) -- Chinese shares ended a somewhat turbulent day in negative territory on Tuesday despite healthy performance by the banking and securities sectors.

The benchmark Shanghai Composite Index moved down 0.07 percent to end at 3,165.82 points, and the Shenzhen Component Index closed at 10,722.26 points, down 0.54 percent.

Total turnover on the two bourses shrank to 669.11 billion yuan (109.33 billion U.S. dollars) from 835.39 billion yuan seen in the previous trading day.

Software, media and sports shares led the declines on Tuesday, while banking continued to be strong, helped by the news that more funds will be released into the market due to the adjustment of rules for calculating bank deposits, due next year.

China CITIC Bank surged by the daily limit of 10 percent to end at 8.01 yuan apiece.

The ChiNext Index, China's Nasdaq-style tracking board of growth enterprises, closed 2.6 percent lower at 1,460.11 points on Tuesday.

Editor: xuxin
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