31.   Another strategy included rebalancing equity holdings from growth to value stocks.

32.   Domestic financial institutions were busy dumping equity holdings to realize gains to write off problem loans before the end of the fiscal year in March, they said.

33.   Domestic financial institutions were dumping equity holdings to realize gains to write off problem loans before the end of the fiscal year in March, traders said.

34.   Investors regarded the drop as a buying opportunity rather than a major turning point or a signal to lighten their equity holdings.

35.   Some institutions, however, are finding themselves in a dilemma over whether or not to unload their equity holdings if they find a takeover bid attractive.

36.   This is necessary as its intention is not to dilute equity holdings under the current economic situations.

37.   We haddecreased our equity holdings before the crash.

38.   Companies must value their equity holdings at market value rather than purchase price for the first time for the fiscal year just ended.

39.   Equity holdings in the venture have yet to be finalised, the officials added.

40.   They were also hit by speculation that life insurers may cut equity holdings due to the cancellation of fund management contracts with pension funds.