Hong Kong stocks advanced substantially today. Hang Seng Index and China Enterprises Index closed the day at 23408 and 11744, up 291 pts and up 343 pts, respectively, on turnover of $100.98 billion.
SHK PPT (00016.HK), on trading resumption, closed higher by 2.2% to $115.8 as market interprets the conclusion of the court case involving the co-chairman as risk removal. Meanwhile, the related company SMARTONE TELE (00315.HK) and SUNEVISION (08008.HK) edged up 0.5% and 0.4%, respectively.
Mainland banks registered material growth. CM BANK (03968.HK) soared 7.7%; MINSHENG BANK (01988.HK) gained 5.8%; ICBC (01398.HK) CCB (00939.HK) and BANK OF CHINA (03988.HK) surged 3.4%, 3.4% and 3.8%, respectively.
Heavyweight TENCENT (00700.HK) declined 2.3%; CHINA MOBILE (00941.HK) gained 1.9%; HSBC HOLDINGS (00005.HK) perked up 1%.
New York oil futures rebounded sharply by over 4%. CNOOC (00883.HK) and PETROCHINA (00857.HK) advanced 4.9% and 4.1%, respectively. ~
AAStocks Financial News
Web Site: www.aastocks.com