Hong Kong stocks pulled back on Thursday from a two-week high hit in the previous session as investors took profit from sectors such as tech and financials , though the decline was capped by inflows from mainland China. At close of trade, the Hang Seng index was down 466.21 points, or 1.48 percent, at 30,965.68. The Hang Seng China Enterprises index fell 1.25 percent to 12,528.64.
The sub-index of the Hang Seng tracking energy shares dipped 1.3 percent, while the IT sector dipped 2.17 percent, the financial sector was 1.78 percent lower and the property sector dipped 1.32 percent. The top gainer on Hang Seng was China Mengniu Dairy Co Ltd , up 5.58 percent, while the biggest loser was China Resources Land Ltd.
As of the previous trading session, the Hang Seng index was up 5.06 percent this year, while China's H-share index was up 8.3 percent. As of the previous close, the Hang Seng has declined 4.43 percent this month. The top gainers among H-shares were Air China Ltd up 6.33 percent, followed by China Shenhua Energy Co Ltd gaining 2.01 percent and People's Insurance Group of China Co Ltd up by 1.19 percent. The three biggest H-shares percentage decliners were Zhuzhou CRRC Times Electric Co Ltd, which was down 4.23 percent, CITIC Securities Co Ltd, which fell 2.7 percent, and China Vanke Co Ltd, down by 2.6 percent.
About 2.47 billion Hang Seng index shares were traded, roughly 80.1 percent of the market's 30-day moving average of 3.08 billion shares a day. The volume traded in the previous trading session was 1.99 billion.
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