Two stock buyers discuss the trend of the market in a securities trading office in Zhengzhou, Henan Province March 28, 2005 as China’s shares hit the lowest level in nearly six years. (newsphoto)
　　China’s shares Monday hit their lowest intraday level in nearly six years due to a piling up of weak investor sentiment.

　　The benchmark Shanghai composite index, which groups foreign currency B shares and local currency A shares, slid 0.46 per cent to close at 1,200.113 points after initially docking at 1185.45 points at noon, 1.71 points lower than 1,187.26 -- the previous record logged in May 1999.

　　Turnover in Shanghai hit 4.910 billion yuan (US$592 million) and Shanghai’s biggest decliner -- Dongfeng Technology -- shed 10.05 per cent to close at 7.35 yuan (88 US cents).

　　Analysts foresaw more losses ahead with sentiment extremely weak after an unremitting share slump.

　　Experts said the situation is a natural result of poor sentiment caused by the government’s new economic cooling measures and the failure of regulators to take steps to solve the stock market’s problems after the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC).

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