77% lose on Chinese stocks

The China Securities Journal and the Huading Investigation Company found 77% of stock investors lost money in China this year, state media reported. Only 12% made a profit and 11% made both ends meet, with the split share structure blamed for the poor performance, according to the survey. The Shanghai Stock Exchange composite index was around 1,260 points at the start of 2005, dropping to 1,152.78 Monday. Almost 90% of investors were cautious about future share investment, with 25% saying they would withdraw funds from the stock markets, and only 1% planning to increase investment.