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A-Shares Rebound Short-lived, Down 6.5%
000024.SZ, China Merchants Property Development, Macro, Real Estate
Editorial Summary
The Shanghai Composite Index decreased 6.54% to close at 2,748.874 while the Shenzhen Composite Index sank 7.43% to close at 780.56 on Thursday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 59.627 billion and RMB 30.79 billion, respectively.
Shares of China Merchants Property Development (000024.SZ) sank 10% on Thursday after the company announced that it has purchased a new plot of land in Zhangzhou, Fujian province, for RMB 81 million.
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