China stocks close mixed Friday

An investor walks past a screenboard in a stock exchange in Hangzhou, capital of east China's Zhejiang Province, Feb. 25, 2011. Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index fell 0.04 points, close to zero percent, to end at 2,878.57, while the Shenzhen Component Index rose 0.44 percent, or 55.45 points, to finish at 12,633.88 points. (Xinhua/Han Chuanhao)

BEIJING, Feb. 25 (Xinhua) -- Chinese shares closed mixed Friday with gains in the cement and home appliances sectors countered by falls in gold and oil stocks.

The benchmark Shanghai Composite Index fell 0.04 points, close to zero percent, to end at 2,878.57.

The Shenzhen Component Index rose 0.44 percent, or 55.45 points, to finish at 12,633.88 points.

Combined turnover shrank to 225.72 billion yuan (34.3 billion U.S. dollars) from 244.12 billion yuan on the previous day.

Losers outnumbered gainers 448 to 421 in Shanghai and 620 to 535 in Shenzhen.

Cement makers rallied Friday with Huaxin Cement Co., Ltd. leading the climb by the daily 10-percent limit to close at 39.03 yuan per share.

Chinese home appliance maker Hisense rose 2.67 percent to close at 13.45 yuan per share from the previous close, while Gree Electronic Appliances Co. advanced 2.55 percent to close at 20.13 yuan per share.

Oil and gold stocks fell as political unrest in the Middle East and North Africa continued.

China National Offshore Oil Corporation (CNOOC) dropped 1.4 percent from the previous close to end at 25.4 yuan per share.

Zijin Mining Group Co., China's biggest gold producer, dropped 2.03 percent to 8.19 yuan per share.

source:English.news.cn