China stocks fall at midday, volumes continue to dwindle

viernes 25 de septiembre de 2015 00:54 GYT
 

* CSI300 -1.8 pct, SSEC -1.8 pct, HSI -0.5 pct

* ChiNext Growth index down 5 pct at one point

* Main indexes on track for end the week flat

SHANGHAI, Sept 25 (Reuters) - China stocks fell on Friday, led by a selloff in small caps, and were on track to end the week flat as volumes continued to slide.

Analysts said the market was still seeking a bottom as Chinese investors continued to digest mixed signs on company performance.

During the week, a preliminary reading of China industrial activity falling to its weakest level since 2009, but home prices rose for the fourth month, a reassuring sign.

The CSI300 index fell 1.8 percent, to 3,225.46 points at the end of the morning session. The Shanghai Composite Index also lost 1.8 percent, to 3,087.32 points.

Weekly volumes have fallen nearly 80 percent from their July peak and averages remain on a downward trajectory as investors wait for signs of direction.

The volatile ChiNext Growth Board, dominated by small caps, saw a sharp selloff on Friday and was down 5 percent at one point but remained up for the week. Analysts attributed the fall to profit-seeking after previous rises.   Continuación...