Realty moves fail to cheer investors

News that some local governments have eased restrictions on housing sales hit the headlines this week, but the move received a lukewarm response from A-share investors.

The sub-index tracking the nation's property sector lead the slump in A shares on Friday, extending this week's loss to 4.31 percent, according to financial information provider Wind Info.

The relaxation of property sales restrictions in Guangzhou, Guangdong province and Heze, Shandong province this week did not improve investor sentiment, as there has been no news of major changes to the central government's policy stance, analysts said.