BEIJING [url=http://www.cheapjerseyssteelers.com/leveon-bell-jersey/]Authentic Le'Veon Bell Jersey[/url] , July 31 (Xinhua) -- Chinese shares continued to drop on Friday as investors showed caution in the shadow of the earlier market stampede.

The benchmark Shanghai Composite Index (SCI) shrank 1.13 percent to close at 3,663.73 points. The smaller Shenzhen Component Index fell 0.18 percent to close at 12,374.25 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises [url=http://www.cheapjerseyssteelers.com/antonio-brown-jersey/]Authentic Antonio Brown Jersey[/url] , lost 0.83 percent to end at 2,539.84 points.

The turnover of the two bourses came in at 878.08 billion yuan (143.54 billion U.S. dollars), down from 1.1 trillion yuan the previous trading day.

China's stock market went through a roller-coaster ride this week, with the worst plunge in eight years on Monday but then a rally on Wednesday. The SCI shed 14.3 percent in July [url=http://www.cheapjerseyssteelers.com/mason-rudolph-jersey/]Mason Rudolph Jersey[/url] , its biggest single-month decline since 2009.

Sun Xiwei, a senior analyst with CITIC Securities, said the dramatic fluctuations reflected unstable market sentiment and that stock prices will remain volatile until confidence is restored.

In a bid to end the market rout that wiped off one third of its value since mid-June, the government has reduced the number of IPOs [url=http://www.cheapjerseyssteelers.com/james-washington-jersey/]James Washington Jersey[/url] , banned short-selling and introduced a six-month ban on big shareholders selling stocks.

The China Securities Regulatory Commission (CSRC), the top stock watchdog, said on Friday that it will increase checks on program trading blamed for some of the volatility.

CSRC spokesperson Zhang Xiaojun said the agency is examining some cases and the Shanghai and Shenzhen exchanges have restricted trading of 24 accounts until Oct. 30 as they were suspected of misleading other investors by frequent orders and cancellations.

Program trading usually focuses on a basket of stocks with buy and sell orders executed by a computer program based on predetermined conditions. It can amplify gains and losses and increase fluctuations.

Toread Holding Group Co., the only listed ski apparel producer [url=http://www.cheapjerseyssteelers.com/chukwuma-okorafor-jersey/]Chukwuma Okorafor Jersey[/url] , gained 6.34 percent to finish at 28.5 yuan per share, while Hebei Saihero Environmental Protection High-tech Co. rose 4.22 percent to close at 18.78 yuan per share.

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