Chinese shares close mixed in thin trading

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Chinese shares closed mixed in thin trading Monday, a day empty of significant market news.

The benchmark Shanghai Composite Index advanced 0.04 percent, or 0.91 points, to close at 2,133.87, while the Shenzhen Component Index fell 0.51 percent, or 42.93 points, to close at 8,336.68.

Combined turnover on the two bourses shrank to 169.59 billion yuan (27.87 billion U.S. dollars) from 210.57 billion yuan the previous trading day.

Market sentiment is low despite data on industrial profit which points to a further improvement in the economy.

Major industrial firms saw profits rise 13.5 percent year on year in the first three quarters, a faster pace than the 12.8 percent in the Jan.-Aug. period, the National Bureau of Statistics (NBS) said on Sunday.

The coal, wine and papermaking sectors were among the biggest losers on Monday, with the sub-indices tracking the industries down 2.59 percent, 2.17 percent and 1.80 percent respectively.

Gansu Jingyuan Coal Industry And Electricity Power Co. Ltd fell 5.81 percent to 10.85 yuan per share. Jizhong Energy Resources Co. Ltd dropped 5.03 percent to 8.30 yuan per share.

The gas and water supply, the furniture and the aircraft manufacturing sectors led Monday's gains, with the sub-indices for these industries up 2.36 percent, 1.67 percent and 1.66 percent respectively.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 0.78 percent, or 9.88 points, to close at 1,279.05 points on Monday.

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