The Shenzhen Stock Exchange, the smaller of the mainland's two stock exchanges, will adjust its benchmark component index tracking 40 constituent stocks as of September 17 this year, according to a statement published on the exchange's website yesterday.

Three constituent stocks CSG Holding Co Ltd, Shenzhen Kaifa Technology Co Ltd and Yantai Changyu Pioneer Wine Company Ltd will be removed from the index and replaced by Tianjin Teda Co Ltd, Huludao Zinc Industry Co Ltd and Henan Shuanghui Investment & Development Co Ltd.

After the adjustment, the index components will account for nearly 40 percent of the Shenzhen bourse's capitalization.

The Shenzhen Component Index yesterday opened higher at 18,089.54, and ended at 18,073.76, up 71.76 points or 0.4 percent, failing to break Monday’s record close. It went through the day in a range between 17,951.78 and 18,225.61.

(Chinadaily.com.cn September 7, 2007)