China's Shares Back Off From High Near Lunch(Yicai Global) Nov. 22 -- After a scintillating showing in the early forenoon, China's stock markets ebbed from their high tide line in ensuing trading, with only the Shanghai index closing up at the lunch bell.
The transportation equipment and banking sectors led the charge to close up 2.66 percent and 2.41 percent, respectively. Civil engineering also notched a 1.10 percent gain.
More sectors declined than those ascending. Liquor and beverages shed the most value at 2.18 percent lower. Insurance retreated more than 1 percent, after its recent sustained growth.
The Shanghai Composite Index rose 0.50 percent to 3,427.66 points at the adjournment, with CNY156.3 billion (USD23.58 billion) swapped. The Shenzhen Component Index closed at 11,578.99 points, down 0.20 percent, with turnover of CNY170.7 billion. The Growth Enterprise Index dipped 0.18 percent to 1,853.65 points, with CNY42.68 billion changing hands.
