SHANGHAI :
Chinese Mainland Brokerages Hurt in Morning Trade
Tang Shihua
DATE:  Apr 29 2019
/ SOURCE:  yicai

(Yicai Global) April 29 -- Brokerages listed on the Chinese mainland struggled in the morning session today as an overall correction of the main stock indexes continued from the day's opening.

Heavyweight Shenwan Hongyuan Group [SHE:000166] was down 3.54 percent at the break, while Haitong Securities [SHA:600837] lost 3.5 percent and China Securities, which at one point hit the 10 percent limit down, hit the midpoint 6.9 percent lower.

The Shanghai Composite Index was down 0.1 percent at 3,083.08 going into lunch, while the Shenzhen Component Index had lost 0.57 percent to close at 9,724.89. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, was down 1.22 percent at 1,637.67. Trading volume at both bourses was lower than usual.

Editor: James Boynton

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index,Brokrage Sector