Coal shares sold, military stocks sought

SHANGHAI shares closed generally flat yesterday, with investors selling off coal shares while pursuing military counters.

The Shanghai Composite Index dipped 0.06 percent to end at 3,386.10 points.

Coal shares declined the most, with Shanxi Coking Co Ltd falling by 7.56 percent to 9.41 yuan, Jinneng Science & Technology Co Ltd losing 5.10 percent to 25.32 yuan and Baotailong New Materials Co Ltd shedding 2.73 percent.

Non-ferrous metals shares also fell. Sunstone Development Co Ltd lost 6.83 percent and Tibet Mineral Development Co Ltd fell 3.98 percent.

Military counters, however, were sought by investors, with Avic Aviation High Technology Co Ltd hitting the maximum daily cap of 10 percent to end at 13.8 yuan. AVIC Electromechanical Systems Co Ltd rose 5.29 percent and AVIC Helicopter Co Ltd climbed 5.08 percent.