New mainland trading accounts decline
17 October 2007
A total of 3.7 million new trading accounts on the Shanghai Stock Exchange were opened in September, 1 million fewer than the 4.71 million opened in August, state media reported. The main change was a drop in the number of new mutual funds from 2.82 million to 1.68 million, according to a report by the Shanghai Stock Exchange. Total transaction value on the market also decreased from US$586 billion to US$526 billion. Floating shares in the electronics industry were the most frequently traded, while those in the timber and furniture industries were the least frequently traded.
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