New mainland trading accounts decline

A total of 3.7 million new trading accounts on the Shanghai Stock Exchange were opened in September, 1 million fewer than the 4.71 million opened in August, state media reported. The main change was a drop in the number of new mutual funds from 2.82 million to 1.68 million, according to a report by the Shanghai Stock Exchange. Total transaction value on the market also decreased from US$586 billion to US$526 billion. Floating shares in the electronics industry were the most frequently traded, while those in the timber and furniture industries were the least frequently traded.