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1st LD-Writethru: Chinese shares close mixed Wednesday

Xinhua, June 10, 2015 Adjust font size:

Chinese shares closed mixed Wednesday, with the benchmark Shanghai Composite Index down 0.15 percent to finish at 5,106.04 points.

The Shenzhen Component Index gained 1.60 percent to close at 17,677.57 points.

Total turnover on the two bourses shrank to 1.82 trillion yuan (296.94 billion U.S. dollars) from Tuesday's 1.99 trillion.

Shares related to media, real estate, home appliances, public transportation and Internet led the gains. Huayi Brothers Media Corporation surged by the daily limit of 10 percent to close at 58.28 yuan per share. Beijing Baofeng Technology Co. also soared by 10 percent to end at 307.56 yuan.

Stocks for coal and ship building industries were among the biggest losers. Shanxi Xishan Coal and Electricity Power Co. lost 3.26 percent to end at 11.28 yuan. CSSC Offshore & Marine Engineering (Group) Company dived by 3.52 percent to end at 68.84 yuan.

Analysts attributed the fluctuations to the news that global equity indexes provider MSCI Inc. would not include China A-shares in its flagship global benchmarks index, which weighed on market sentiment.

The index will not dive too much as subdued CPI and PPI data leaves investors with rising hope for more monetary easing policies in the future, which will in turn benefit the stock market, said Zhongzheng Investment Consulting Co..

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.49 percent to end at 3,834.70 points. Endi