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1st LD-Writethru: China stocks down for 3rd day

Xinhua, February 6, 2015 Adjust font size:

Chinese stocks declined for the third consecutive day Friday, with the benchmark Shanghai Composite Index down 1.93 percent to end at 3,075.91 points.

The Shenzhen Component Index lost 2.48 percent to end at 10,791.1 points.

Total turnover on the two bourses shrank to 502.13 billion yuan (81.97 billion U.S. dollars) from 632 billion yuan the previous trading day.

Analyst with CITIC Securities, Sun Xiwei, advised caution in future trading, citing factors such as the upcoming Spring Festival holiday when liquidity will likely be tight, and a new batch of initial public offerings (IPOs) next week.

The real estate and coal sectors were among the day's biggest losers.

Poly Real Estate Group Co. Ltd. shed 5.29 percent to close at 9.49 yuan and China Vanke Co. Ltd. lost 4.25 percent to 12.16 yuan. Yanzhou Coal Mining Co. Ltd. declined 4.32 percent to 12.61 yuan and China Shenhua Energy Co. Ltd. lost 3.45 percent to 17.92 yuan.

The ChiNext Index, China's Nasdaq-style board of growth enterprises, lost 2.44 percent to end at 1,730.97 points. Endi