Hang Seng Index hit the day-low at 24,576 pts and ended at 24,749, down 3 pts or 0.01%; Hang Seng China Enterprises Index closed up 7 pts to 10,966. Market turnover increased to $70.56 billion.
Telecom stocks strengthened on prospect of the launch of iPhone 6 early this month. CHINA UNICOM (00762.HK) became biggest gaining blue chip, up 4.1% to $14.14, hitting the 2.5-year high. CHINA MOBILE (00941.HK) surged 2.1% to a fresh high and CHINA TELECOM (00728.HK) bounced 3.3%.
Mainland banking stocks got weak as press reports said the new lending in Mainland was about RMB700 billion in August, possibly below expectation. CQRC BANK (03618.HK) dropped 2.3% to $3.83. ICBC (01398.HK) and CCB (00939.HK) fell 0.8% and 0.5% respectively.
HSBC HOLDINGS (00005.HK) faded 0.5% to $8.2 as the famous British fund manager Neil Woodford sold off all the HSBC shares at hand.
SINO LAND (00083.HK) advanced 2.2% after successfully bidding for the Kwun Tong Town Centre Redevelopment Project. TENCENT (00700.HK) receded 0.7% to $125.7. As the first market rehearsal for the Shanghai-Hong Kong Stock Connect completed, HKEX (00388.HK) climbed 0.9%. Certain securities brokers saw share prices rally. FIRST SHANGHAI (00227.HK) and SHENYIN WANGUO (00218.HK) shot up 7.3% and 6% respectively while HAITONG SEC (06837.HK) declined 1.8%.
Certain Chinese resource stocks closed higher against the market's weakness. CNBM (03323.HK) soared 4% and became the biggest gainer among HSI constituents. YANZHOU COAL (01171.HK) and CHINA COAL (01898.HK) rose 3.7% and 4%. Due to the placing of shares by the shareholder, CH MODERN D (01117.HK) slid 2.9%.
AAStocks Financial News
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