Big shareholder stock sales decline

Major investors in 278 firms listed on the SSE sold shares so far this year

BEIJING - Stock sales by major shareholders shrank sharply over the past several trading days, pointing to the effect of tightened rules aimed at limiting massive dumping of holdings and bolstering the market.

The average daily stock sales volume by major shareholders, supervisors and management of companies listed at the Shanghai Stock Exchange fell to 190 million yuan ($28 million) on the secondary market during the three trading days ending on Friday.