Hong Kong stocks rose for the 11th straight session to a fresh 10-year high on Tuesday, aided by inbound money flows from China and strength in index heavyweight Tencent Holdings. At close of trade, the Hang Seng index was up 111.88 points or 0.36 percent at 31,011.41. The Hang Seng China Enterprises index rose 0.17 percent to 12,255.68.
The sub-index of the Hang Seng tracking energy shares rose 0.5 percent while the IT sector rose 1 percent, the financial sector was 0.36 percent higher and property sector rose 0.56 percent. The top gainer on Hang Seng was Sands China Ltd up 4.89 percent, while the biggest loser was Hengan International Group Company Ltd, down 2.96 percent.
The top gainers among H-shares were Ping An Insurance Group Co of China Ltd up 2.49 percent, followed by Dongfeng Motor Group Co Ltd gaining 1.8 percent and New China Life Insurance Co Ltd up by 1.59 percent. So far this week, the market capitalisation of the Hang Seng index has risen by 0.48 percent to HK$20.33 trillion.
Comments
Comments are closed.