Chinese shares continue to slip Thursday

Source: Xinhua| 2019-03-14 18:01:14|Editor: mingmei
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BEIJING, March 14 (Xinhua) -- Chinese stocks continued to fall Thursday with husbandry and media sectors leading the declines.

The benchmark Shanghai Composite Index fell 1.2 percent to close at 2,990.69, while the Shenzhen Component Index slumped 1.82 percent to 9,417.93.

Combined trading volume of the two indexes shrank to 812.52 billion yuan (around 121.3 billion U.S. dollars), from 1.05 trillion yuan the previous trading day.

Most stocks fell, with losers outnumbering gainers by 1,202 to 233 on the Shanghai bourse and 1,815 to 299 on the Shenzhen bourse.

Shares in the husbandry sector led the declines, with the sub-index for the board down 7.94 percent, continuing the losing streak yesterday. Shandong Minhe Animal Husbandry Co. Ltd. and Shandong Yisheng Livestock & Poultry Breeding Co., Ltd. both declined by the daily 10-percent limit to 31.97 yuan and 43.45 yuan respectively.

Media shares also lost heavily, with the sub-index for the board down 7.64 percent. Co., Ltd. and Guangdong Guangzhou Daily Media Co., Ltd. declined by the daily 10-percent limit as well to finish at 27.76 yuan and 6.1 yuan.

The ChiNext Index, China's NASDAQ-style board, slumped 2.58 percent to close at 1,650.19.