Hang Seng Index closed lower 120 pts to 23,218; China Enterprises Index closed down 115 pts to 10,962. The turnover on the Main Board fell slightly to $71.504 billion.
CHINA CINDA (01359.HK), known as a 'bad bank' in China, closed up 26% from IPO price to $4.5 on debut. CINDA INTL HLDG (00111.HK) lost 8.5%; SILVER GRANT (00171.HK) receded 2.7%.
Chinese banks dragged the broad market down as the People's Bank of China paused market operation today. ICBC (01398.HK) and CCB (00939.HK) declined 1.3% and 1.5%. CM BANK (03968.HK) slid 1.8%. CHINA LIFE (02628.HK) and CPIC (02601.HK) fell 1%; PING AN (02318.HK) dropped 0.2%.
Macau gaming stocks kept strength. GALAXY ENT (00027.HK) ran higher 2.8% to $65.25. SANDS CHINA LTD (01928.HK) added 1.5%; WYNN MACAU (01128.HK) and MGM CHINA (02282.HK) advanced 6.5% and 3.3%. SJM HOLDINGS (00880.HK) gained 2.4%; MACAU LEGEND (01680.HK) went higher almost 2%.
LI & FUNG (00494.HK), the worst performing blue chip, hit 4.5-year low at $9.47 on broker's bearish report. TENCENT (00700.HK) receded 1.5% to $467.4.
HSBC HOLDINGS (00005.HK) and CHINA MOBILE (00941.HK) weakened 0.3% and 0.6% to $82.55 and $80.95.
POWER ASSETS (00006.HK) slipped 1% on the rumoured spin-off of Hongkong Electric in January 2014. CKI HOLDINGS (01038.HK) increased 1.4% to $50.3
Oil companies underperformed the market. PETROCHINA (00857.HK) and SINOPEC CORP (00386.HK) dipped 0.8%. CNOOC (00883.HK) went down 1.6%.
GREENLAND HK (00337.HK), winner of the land use right of Shanghai Huangpu site for RMB5.95 billion, rallied 5% after resumption.
Green concept stocks saw strong movements. CTEG (01363.HK), after advancing almost 4% this morning, closed down 3.5% to $3.88. BJ ENT WATER (00371.HK) weakened 0.6%. CHINA EB INT'L (00257.HK) moved up 1.8%.
AAStocks Financial News
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