Mainland China's stock market ended lower in volatile trade on Wednesday, 05 August 2015, wiping out part of yesterday gains and registering fourth decline in last five trading sessions. On Tuesday, the Shanghai bourse rallied 3.7%, encouraged by news that authorities have stepped up their crackdown on short-selling of shares. The selloff momentum resumed on concerns government recent intervention will drive away investors, shrugging off data showing surge in China service business activity to11-month high and vow by the central bank to stabilise market. All 10 SSE sectors ended in the red, with telecommunication services, information technology, consumer discretionary and financial sectors leading declines. The benchmark Shanghai Composite Index ended 61.97 points, or 1.65%, higher at 3694.57 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.05%, or 22.54 points, to 2128.42 points. Total volume of A shares traded in Shanghai was 48.38 billion shares, while Shenzhen volume was 27.11 billion shares.
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