Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Roundup: Hong Kong stocks close moderately higher amid mixed sentiment
+ -
21:38, February 09, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Comment  Tell A Friend
 Print Format  Save Article
Hong Kong stocks finished up 0.84 percent at 13,769.06 on Monday after opening higher but then narrowing its gains thereafter.

Investors were obviously wavering between mixed sentiment, with the Hang Seng Index opening up 1.54 percent at 13,865.59, which was also the highest for the index during the day. The benchmark index once even dipped in to negative ground at 13,561.54.

Turnover rose slightly to 48.54 billion HK dollars (6.22 billion U.S. dollars) from last Friday's 45.40 billion HK dollars (5.82 billion U.S. dollars).

Analysts attributed the narrowing of gains to mild profit-taking after several gaining sessions in a row and cautious sentiment amid volatility expectations. The economic data for the Chinese mainland due on Tuesday and the progress on the United States bailout plan will be key to direction of the market, they added.

Some said the Hang Seng Index had immediate support at 13,500, while the February HSI futures were now trading a discount of around 50 points to the cash market, which signaled the market's negative bias for near term -- not so reliably, though.

Banking giant HSBC finished up 0.4 HK dollars, or 0.64 percent, at 62.5 HK dollars after once even reversing early gains to dip into negative ground. Its local unit Hang Seng Bank finished down 1.05 HK dollars, or 1.13 percent, at 92 HK dollars.

The finance sub-index finished up 88.08 points, or 0.44 percent, at 20,181.08.

ICBC, one of the largest state-owned commercial banking giants on the Chinese mainland, was down 0.01 HK dollars, or 0.27 percent at 3.64 HK dollar, and China Construction Bank added 0.03 HK dollars, or 0.73 percent, to finish at 4.12 HK dollars.

Bank of China was down 0.02 HK dollars, or 0.92 percent, at 2. 16 HK dollars, while BOC Hong Kong ended at 8.18 HK dollars, up 0.02 HK dollars, or 0.24 percent.

China Life, one of the mainland's leading insurance players, lost 0.21 percent at 23.5 HK dollars, and Ping An fared better to gain 0.3 HK dollars, or 0.81 percent.

The properties sub-index advanced 344.44 points, or 2.12 percent, at 16,586.15. Sun Hung Kai Properties, the leading residential developer in Hong Kong, added 2.85 percent to close at66.85 HK dollars, while Cheung Kong, the conglomerate headed by Hong Kong's richest man Li Ka-shing, was up 2.1 percent at 67.9 HK dollars.

The utilities category shed 0.63 percent to close at 34,074.01,and the commerce and industry sub-index advanced 1.14 percent to end at 7,709.20.

China Mobile, the leading telecom operator on the mainland, lost 0.15 HK dollars at 75.75 HK dollars under short selling pressures, while its competitor China Unicom surged 0.44 HK dollars, or 5.99 percent, at 7.79 HK dollars.

The mainland-based energy chips were higher, with PetroChina up1.42 percent, Sinopec up 1.75 percent and offshore oil producer CNOOC up 2.22 percent. China Shenhua, the mainland coal conglomerate, added 2.3 percent at 18.7 HK dollars.

China COSCO, the dry bulk shipper, was up 3.26 percent at 5.71 HK dollars.

HKEx, the only stock exchange in the Hong Kong Special Administrative Region, was up 1 HK dollar, or 1.47 percent, at 68.95 HK dollars. (7.8 HK dollars = 1 U.S. dollar)

Source:Xinhua



  Your Message:   Most Commented:
2009 Spring Festival
Nation can be first to 'recover'
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.
Why does Israel push for truce in Gaza?
U.S. Airways jet's engines lost power simultaneously

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6588829.pdf