HK stocks dip while Hutchison Whampoa reaches two-year high

18:52, August 11, 2010      

Email | Print | Subscribe | Comments | Forum 

Hong Kong stocks dipped on Wednesday as mainland lenders slipped, while Hutchison Whampoa, a major container terminal operator in Hong Kong, surged 6 percent, almost reaching its two-year high.

The benchmark Hang Seng Index dropped 179.06 points, or 0.83 percent, to close at 21,294.54 points, after trading between a day high of 21,643.24 points and a day low of 21,239.17 points.

Turnover totaled 61.36 billion HK dollars (7.9 billion US dollars), compared with Tuesday's 56.74 billion HK dollars.

The H-Share Index dropped 206.05 points, or 1.73 percent, to end at 11,737.63 points.

Banking giant HSBC edged down 0.43 percent to close at 81.5 HK dollars, while China Mobile, China's dominant mobile carrier, jumped 0.3 percent, to end at 82.1 HK dollars.

Major mainland lenders moved down before the coming of their half-year reports. CCB, which accounts for the third largest weighting of the HSI, fell 2.68 percent to close at 6.54 HK dollars.

ICBC, China's largest bank by market value, dropped 2.54 percent to close at 5.75 HK dollars, after it announced to privatize and delist its Hong Kong unit ICBC Asia on Tuesday.

BOC, one of the "big four", edged down 2.16 percent to 4.07 HK dollars.

Hutchison Whampoa, Hong Kong billionaire Li Ka-shing's flagship company, which just reported a 12 percent year-on-year net profit up for the first half this year, performed well, up 3.5 HK dollars to end at 61.85 HK dollars.

Fok Kin-ning, the managing director of Hutchison Whampoa, bought one million shares of the company on Aug. 6.

Tencent, China's major online gaming company, dropped 4.06 percent to close at 148.7 HK dollars.

China Life, one of the world's largest life insurers by market value, dipped 0.59 percent to end at 33.85 HK dollars.

Major oil producers on Chinese mainland also declined, with PetroChina, the country's largest oil and gas producer and Sinopec, China's top refiner, down 1.02 percent and 0.65 percent respectively. (One U.S. dollar is equivalent to 7.766 HK dollars)

Source: Xinhua

(Editor:王寒露)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion