Chinese shares close mixed, Shanghai down 0.11 percent

Chinese share prices closed mixed on Thursday, with the Shanghai bourse down 0.11 percent, weighed down by weak performing oil companies, dealers said.

They said the market was still consolidating despite rising for two consecutive days, as investors remained cautious over corporate profitability ahead of the announcement of first-half year financial results.

The benchmark Shanghai Composite Index, which covers A and B shares, closed down 3.16 points at 2,901.85 on turnover of 69.2 billion yuan (10.0 billion dollars).

The Shanghai A-share Index lost 3.46 points, or 0.11 percent, at 3,044.07 on turnover of 68.9 billion yuan, but the Shenzhen A-share Index was up 7.72 points, or 0.88 percent, at 886.96 on turnover of 135.0 billion yuan.

(Agencies)