Share prices in Shanghai clawedsintospositive territory yesterday with analysts saying no major movement is expected in the market in the short term.

　　"It was a day without wild fluctuations as investors stood on the sidelines," said Wei Wei, an analyst at West China Securities, adding the same scenario will dominate in the coming days.

　　"The composite index is likely to hover around the 1,460-point level," she added. "At this stage, I would recommend buyingsintosthe auto and banking sectors and companies reporting solid profitability in their annual reports."

　　The Shanghai Composite Index, which tracks both yuan-denominated A and hard-currency B shares, rose 0.21 percent to 1,477.77.

　　The trading volume was 4.33 billion yuan (US million), down from 4.86 billion yuan the previous session.

　　The A-share index closed at 1545.26, up 0.22 percent.

　　Among the gainers, Shanghai Automotive Co rose 2.23 percent to 8.71 yuan and China Minsheng Banking Corp was up 1.20 percent to 10.97 yuan.

　　The B-share index fell 0.28 percent to 120.80, on news that the government was studying the Qualified Domestic Institutional In-vestor program, which will allow Chinese investors to tap overseas stock markets.