HK Shares close 0.65% higher

20:05, March 30, 2010      

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Hong Kong shares ended higher Tuesday on window dressing a day ahead of the end of the first quarter, while some companies got an extra boost after posting strong 2009 earnings.

The blue-chip Hang Seng Index rose 137.36 points, or 0.65 percent, to 21,374.79 after trading between 21,202.17 and 21,450. 98 during the session.

Market volume rose to 62.86 billion HK dollars (8.1 billion U.S. dollars) from 54.59 billion HK dollars Monday.

Hong Kong's stock market will be closed for five days starting Friday for the Easter holiday and Tomb Sweeping Day.

Casino operator SJM Holdings surged 7.5 percent to 5.29 HK dollars after it posted 2009 results.

Esprit was the best-performing blue chip, jumping 4.4 percent to 64.25 HK dollars as the euro rose on receding concerns about Greece's debt burden.

New listing Far East Global rose 9.3 percent to 1.29 HK dollars versus its initial public offering price of 1.18 HK dollars.

Hutchison Whampoa shares finished 2.7 percent lower at 56.70 HK dollars after the company reported a weaker than expected 2009 net profit of 14.17 billion HK dollars.

Cosco Pacific fell 3.2 percent to 11.60 HK dollars after reporting its 2009 net profit fell 37 percent from a year earlier to 172.5 million U.S. dollars as the ports operator was hurt by a sharp decline in container handling volume due to the global financial crisis. One U.S. dollar equals 7.757 HK dollars.

Source:Xinhua
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