February 15, 2018 / 4:54 AM / 3 months ago

Hong Kong shares rise sharply ahead of Lunar New Year holiday

* HSI +1.97 pct, HSCE +2.24 pct

* Financial sector sub-index rises 2.5 pct; property up 0.6 pct

* Hong Kong shut Thursday afternoon, trading resumes on Feb 20

HONG KONG, Feb 15 (Reuters) - Hong Kong stocks posted their third consecutive day of gains on Thursday, when trading ended at midday before a long holiday. The blue-chip index, which on Wednesday had its biggest single-day percentage rise since May 2016, climbed 5.5 percent this week.

** The market is closed on Thursday afternoon for the Lunar New Year holiday, and trading will resume on Tuesday, Feb. 20.

** At close of Thursday’s half-day trade, the Hang Seng index was up 599.83 points or 1.97 percent at 31,115.43. The Hang Seng China Enterprises index rose 2.24 percent to 12,535.51.

**The sub-index of the Hang Seng tracking energy shares rose 2.7 percent while the IT sector rose 2.92 percent, the financial sector was 2.48 percent higher and property sector rose 0.59 percent.

** The top gainer on Hang Seng was China Construction Bank Corp up 4.32 percent, while the biggest loser was Link Real Estate Investment Trust which was down 1.15 percent.

** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 1.27 percent while Japan’s Nikkei index rose 1.94 percent.

** As of the previous trading session, the Hang Seng index was up 1.99 percent this year, while China’s H-share index was up 4.7 percent. The Hang Seng has declined 5.4 percent this month.

** The top gainers among H-shares were People’s Insurance Group of China Co Ltd up 4.46 percent, followed by China Construction Bank Corp gaining 4.32 percent and China Petroleum & Chemical Corp up by 3.77 percent.

** The three biggest H-shares percentage decliners were Sinopharm Group Co Ltd which was down 0.15 percent, Guangzhou Automobile Group Co Ltd which fell 0.2 percent and CRRC Corp Ltd down by 0.3 percent.

** About 2.13 billion Hang Seng index shares were traded, roughly 65.1 percent of the market’s 30-day moving average of 3.28 billion shares a day. The volume traded in the previous trading session was 2.48 billion.

** The price-to-earnings ratio of the Hang Seng index was 13.86 as of the last full trading day while the dividend yield was 2.9 percent.

** So far this week, the market capitalisation of the Hang Seng index has risen by 3.53 percent to HK$20.02 trillion. (Reporting by Donny Kwok; Editing by Richard Borsuk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below