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1st LD-Writethru: Chinese shares close lower on Thursday

Xinhua, November 12, 2015 Adjust font size:

China's stocks closed lower on Thursday despite robust surges in shares related to green cars.

The benchmark Shanghai Composite Index went down 0.48 percent to close at 3,632.9 points.

The smaller Shenzhen index lost 0.33 percent to close at 12,635.39 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, dropped 0.76 percent to close at 2,783.3 points.

Total turnover on the Shanghai and Shenzhen bourses stood at 1.23 trillion yuan (193 billion U.S. dollars), up from 1.14 trillion yuan the previous trading day.

The Shanghai Composite Index opened higher in the morning and fluctuated during the day before dipping into negative territory at the end of trading.

The sector of new energy vehicles including charging facilities, lithium batteries and smart grids all surged on Thursday, with 15 shares hitting the daily increase limit of 10 percent.

Recently listed companies continued their momentum, with 40 stocks reaching the daily upper limit.

Brokerages extended the previous positive performances, but saw less gains. Western Securities went up 3 percent on Thursday after soaring nearly 80 percent in the past seven days.

The margin trading balance registered increases for seven consecutive days by Wednesday, totaling 1.15 trillion yuan, most of which targeted brokerage companies.

Industrial Securities saw largest growth of margin trading balance as 131.98 percent this month, and climbed 44.4 percent by this trading day, according to China Securities Journal. Endi