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Chinese Shares Edge up 0.27% Despite Intra-day Plunge

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Chinese share prices managed to close up 0.27 percent on Wednesday despite intra-day plunge led by heavy weights and property shares.

The benchmark Shanghai Composite Index, which covers both A and B shares, edged up 5.92 points to 2,206.57.

The Shenzhen Component Index on the smaller Shenzhen bourse dropped to 8,241.66 points on Wednesday, down 161.36 points, or 1.92 percent.

The total turnover stood at 209.05 billion yuan (US$30.74 billion), down from 250.4 billion yuan on Wednesday.

(Xinhua News Agency February 25, 2009)