Before the futures settlement day, Hang Seng Index advanced for a sixth day. Driven by property stocks, it hit the day-high at 24,666 and eventually ended at 24,640, up 211 pts or 0.87%. Hang Seng China Enterprises Index closed higher by 49 pts or 0.45% to 11,122. Market turnover increased to $88.658 billion.
As money continued to flow into Hong Kong, HKEX (00388.HK) rallied 3.5% to $174.9, the highest in more than three years. TENCENT (00700.HK) once surged to a fresh high of $130.9 and closed at $130.4, up 1.2%.
Ahead of results release on Thursday, CHEUNG KONG (00001.HK) peaked at $147.2, and closed 2.9% high to $147.1. HUTCHISON (00013.HK) gained 1.5%. SHK PPT (00016.HK) became the strongest blue chip by bouncing 4.4% today. NEW WORLD DEV (00017.HK) soared 3.2%.
Mainland property stocks generally headed north. CHINA OVERSEAS (00688.HK) and CHINA RES LAND (01109.HK) rose 2% and 1% respectively.
As investors took profits from the bullish market, CHINASOUTHCITY (01668.HK)'s shareholder placed up to 250 million shares, resulting in a sharp fall of nearly 6% in the share price. HAITONG SEC (06837.HK) slid 2.5%.
HSBC HOLDINGS (00005.HK) closed at $83.2, up 1.2%. CHINA MOBILE (00941.HK) mounted 0.7% to $85.45. CHINA UNICOM (00762.HK) and CHINA TELECOM (00728.HK) gained 2.7% and 1.9% respectively.
MINSHENG BANK (01988.HK), the best performing Chinese bank, ticked up 3%. BANKCOMM (03328.HK), after a 6% spike yesterday, climbed another 0.7%. In addition, CHINA LIFE (02628.HK) and PING AN (02318.HK) rose 3.2% and 1.8%.~
AAStocks Financial News
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