China shares flat in morning trade

China shares flat in morning trade
Updated on

Summary Shenzhen Composite Index, which tracks stocks on China's second exchange.

SHANGHAI (AFP) - Chinese shares were flat in morning trade Thursday after recording the biggest gain in more than five years a day earlier, despite a move by the central bank to boost liquidity, dealers said.

The benchmark Shanghai Composite Index slipped 0.06 percent, or 2.01 points, to 3,321.60. The index closed up 4.74 percent on Wednesday, the biggest one-day rise since October 2009.

The Shenzhen Composite Index, which tracks stocks on China s second exchange, edged up 0.02 percent, or 0.35 points, to 1,512.64.

China s central bank said late Wednesday that it had rolled over a 269.50 billion yuan ($44 billion) medium-term lending facility for banks and provided an additional 50 billion yuan in loans to commercial and rural lenders.
 

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