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Chinese shares grow at slower pace on cautious mood

(Xinhua)
Updated: 2009-08-04 16:05

Chinese shares continued to rise for the fourth consecutive trading day on Tuesday, but at a slower pace as investors are getting cautious.

The benchmark Shanghai Composite Index rose 0.26 percent, or 8.85 points, to finish at 3,471.44. It set a record close since the gauge ended at 3,473.09 on May 23, 2008.

Related readings:  Chinese shares set new record on PMI data rise  Chinese shares rise led by metal and electricity producers  Shares regain ground after Wednesday's fall  Chinese shares rise on moderately loose monetary policy promise

The Shenzhen Component Index gained 0.34 percent, or 47.55 points, to end at 13,904.55.

Combined turnover expanded to 380.71 billion yuan ($55.74 billion) from 358.9 billion yuan on the previous trading day.

Chinese shares has remained robust for three consecutive trading days. Investors are getting cautious and tend to take profits following previous gains.