July 30, 2018 / 8:38 AM / 2 months ago

Hong Kong shares end lower as healthcare, tech firms slump

* Hang Seng index ends 0.3 pct down China Enterprises index HSCE flat Healthcare sector sub-index falls 2.3 pct; property sector down 0.3 pct

July 30 (Reuters) - Hong Kong’s Hang Seng index closed weaker on Monday, pulled down by a slump in healthcare shares amid an ongoing vaccine scandal, but China’s H-shares index ended flat. ** The Hang Seng index ended down 71.15 points, or 0.25 percent, at 28,733.13. The Hang Seng China Enterprises index was nearly unchanged at 11,046.32. ** Healthcare firms followed their A-share counterparts lower, with a sub-index of the Hang Seng following healthcare firms ended down 2.3 percent as an ongoing vaccine scandal drove investors to sell.

** The sub-index of the Hang Seng tracking energy shares ended 0.04 percent higher, while the IT sector closed down 1.51 percent, the financial sector closed 0.02 percent lower and property sector ended down 0.32 percent. ** The top gainer on Hang Seng was China Merchants Port Holdings Co Ltd up 1.62 percent, while the biggest loser was Country Garden Holdings Co Ltd, which closed down 7.77 percent after the property developer halted a construction project following an accident. ** China’s main Shanghai Composite index closed down 0.12 percent at 2,873.5938 points, while its blue-chip CSI300 index ended down 0.16 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.24 percent, while Japan’s Nikkei index closed down 0.74 percent . ** The yuan was quoted at 6.8276 per U.S. dollar at 0809 GMT, 0.2 percent weaker than the previous close of 6.814. ** As of previous trading session, the Hang Seng index was down 3.73 percent this year, while China’s H-share index was down 5.7 percent. As of the previous close, the Hang Seng declined 0.52 percent this month. ** The top gainers among H-shares were CRRC Corp Ltd, which ended up 5.5 percent, followed by Anhui Conch Cement Co Ltd, which closed 3.36 percent firmer and China Telecom Corp Ltd, which closed 2.25 percent higher. ** The three biggest H-shares percentage decliners were Byd Co Ltd which was down 3.33 percent, ZhongAn Online P & C Insurance Co Ltd which fell 3.3 percent and China Vanke Co Ltd down by 2.6 percent. ** About 1.27 billion Hang Seng index shares were traded, roughly 64.5 percent of the market’s 30-day moving average of 1.97 billion shares a day. The volume traded in the previous trading session was 1.24 billion. ** At close, China’s A-shares were trading at a premium of 17.28 percent over the Hong Kong-listed H-shares. ** The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was higher by 0.25 percent on the day at 4,924.3 points. (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)

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