(Yicai Global) Nov. 15 -- China's Stock Markets were still under pressure this afternoon as the Shanghai Composite Index struggled to keep its nose above 3400 points and the trading volume shrank as against yesterday, as well.

The liquor and beverage sector went against the market flow, rising 1.84 percent to lead at the close, while communications and internet shares also went up 0.96 percent.

Insurance and non-ferrous metal stayed stuck in the tarpit as the worst performing sectors, with both closing more than 2 percent down. Nearly 20 sectors dropped over 1 percent.

After wavering at around 3,400 points for a while, the Shanghai Composite Index was down 0.79 percent to 3,402.52 points at the closing bell, with turnover of CNY239.7 billion (USD36.15 billion), less than yesterday's CNY267.4 billion.

The Shenzhen Component Index closed at 11,462.11 points, down 1.04 percent, with turnover of CNY284.6 billion, quite a cut from yesterday's CNY336.3 billion.

The Growth Enterprise Index, mostly comprising small-cap companies, was down 1.48 percent to 1,868.08 points, with CNY77.71 billion exchanged, compared with yesterday's CNY93.27 billion.