Shanghai Listed Stocks Fall for Fourth Straight Day Thursday

BEIJING, Jul. 22 -- Shanghai listed stocks fell for the fourth day in a row on Thursday, dragged down by shipbuilding and non-ferrous metals sectors.

The benchmark Shanghai Composite Index moved down 1.01 percent, or 28.31 points, to close at 2,765.89.

The Shenzhen Component Index lost 0.75 percent, or 92.58 points, to finish at 12,301.41.

Combined turnover for the two bourses shrank to 178.7 billion yuan (27.69 billion U.S. dollars) from 183.8 billion yuan on the previous trading day.

Losers outnumbered gainers 744 to 261 in Shanghai and 1,024 to 258 in Shenzhen.

Shipbuilders led the fall with Guangzhou Shipyard International Co., Ltd. down 4.94 percent to finish at 22.72 yuan. Sunbird Yacht Co., Ltd. slumped 3.92 percent to 20.84 yuan.

Shares of non-ferrous metals fell 2.72 percent across the board. Anhui Jingcheng Copper Share Co., Ltd. tumbled 4.25 percent to close at 18.8 yuan while Zhuzhou Smelter Group Co., Ltd. lost 3.4 percent to 17.62 yuan.

Shares related to environmental protection fell following Wednesday's rally boosted by the government's announcement on Tuesday to review and approve a 2011-2015 work plan on energy-saving and emissions reduction.

Zhongyuan Environment-Protection Co., Ltd. plunged 3.72 percent to 10.88 yuan while Beijing Originwater Technology Co., Ltd. fell 3.95 percent to 43.56 yuan.

Bucking the trend, shares of liquor producers rose with Hebei Hengshui Laobaigan Liquor Co., Ltd. up 7.83 percent to close at 35.95 yuan. Yantai Changyu Pioneer Wine Co., Ltd. gained 2.51 percent to 112.2 yuan.