Apr. 22, 2008 (China Knowledge) - Chinese shares erased major morning gains and finally closed mixed on Monday amid weak market sentiment. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 0.72% or 22.31 to 3,116.98 points after fluctuating between 3,305.17 and 3,073.56 points. The index once jumped as high as 6.8% during the day as China's securities regulator imposed restrictions on large share sales of a listed company after the lock-up period, in a bid to boost investors' sentiments. However, the Shenzhen Component Index on the smaller Shenzhen Stock Exchange moved down 1.75% or 197.71 points to 11,094.33 points after touching an intraday high of 12,134.65 points. The combined turnover on the two bourses saw a noticeable increase to RMB 115.7 billion from RMB 78.5 billion of the previous trading day. Most heavy weights enjoyed gains yesterday. China Construction Bank <601939><939> climbed 2.27% to RMB 6.75 and Industrial and Commercial Bank of China<601398><1398>, the nation's largest lender, gained 4.17% to RMB 5.99. Aluminum Corp of China (Chalco)<601600><2600> rose 3.21% to RMB 19.59. However, oil blue chip Sinopec<600028><386> and Industrial Bank Co<601166> failed to see a gain with the former moved down 4.99% to RMB 9.91 and the latter lost 1.07% to RMB 34.27. Brokerages outperformed yesterday spurred by the supportive measures. CITIC Securities Co<600030>, the nation's largest brokerage, added 3.99% to RMB 55.01 while Pacific Securities Co<601099> jumped the daily cap of 10% to RMB 22.09. Elsewhere, shares in Sichuan Hongda Co Ltd<600331> which have been suspended trading for nearly seven months restarted trading yesterday. It slumped by a daily limit of 10% to RMB 72.18. As a whole, winners outweighed losers by 451 to 376 in Shanghai and 330 to 310 in Shenzhen. | 
