Hong Kong stocks rise

08 Dec, 2017

Hong Kong's benchmark index rose slightly on Thursday, aided by a rebound in index heavyweight Tencent Holdings, which jumped 3.3 percent. At close of trade, the Hang Seng index was up 78.39 points or 0.28 percent at 28,303.19. The Hang Seng China Enterprises index fell 0.11 percent to 11,150.73.
The sub-index of the Hang Seng tracking energy shares dipped 0.7 percent while the IT sector rose 2.63 percent, the financial sector was 0.12 percent higher and property sector dipped 0.45 percent. The top gainer on Hang Seng was Hengan International Group Company Ltd up 3.41 percent, while the biggest loser was Geely Automobile Holdings Ltd which was down 2.79 percent.
So far this year, the Hang Seng index is up 28.29 percent, while China's H-share index is up 18.8 percent. The Hang Seng has declined 3.26 percent this month. The top gainers among H-shares were Ping An Insurance Group Co of China Ltd up 2.67 percent, followed by Guangzhou Automobile Group Co Ltd gaining 2.39 percent and China Pacific Insurance Group Co Ltd up by 0.95 percent.

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