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Shares end 4.13% lower on profit-taking

(Xinhua)
Updated: 2008-05-07 16:16

Chinese shares ended 4.13 percent lower Wednesday on profit-taking, continuing the downward trend of the previous trading day, with shares of securities firms and airline heavyweights leading the dive.

The benchmark Shanghai Composite Index concluded the daily trading at 3,579.15 points, 154.36 points, or 4.13 percent, lower than the previous close.

The Shenzhen Component Index for the smaller stock exchange in Shenzhen lost 723.37 points, or 5.28 percent, to close at 12,979.19 points.

Combined turnover on the two bourses shrank from 210.24 billion yuan ($30.03 billion) of the previous trading day to 192.91 billion yuan on Wednesday.