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<H Shrs>HSI Adds 141 Pts on Settlement Date as CN Developers Surge; Consumers Gain After Midday
Recommend 4 Positive 9 Negative 2 |
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Hong Kong stocks inclined on the settlement date, driven by Chinese developers. The HSI picked up 141 points or 0.5% to close at 27,968. The HSCEI lifted 40 points or 0.4% to finish at 9,552. The HSTECH fell 59 points or 1% to close at 5,841. Total market turnover for the day amounted to $331.994 billion. Chinese developers ascended significantly as it is reported that multiple Chinese developers are no longer required to report the “Three Red Lines” metrics on a monthly basis. KWG GROUP (01813.HK), CHINA AOYUAN (03883.HK) and SUNAC (01918.HK) leapfrogged 29-41%, while SHIMAO GROUP (00813.HK), CIFI HOLD GP (00884.HK), KAISA GROUP (01638.HK), R&F PROPERTIES (02777.HK) and LOGAN GROUP (03380.HK) rocketed 19-23%. SEAZEN (01030.HK), COUNTRY GARDEN (02007.HK), AGILE GROUP (03383.HK) and SINO-OCEAN GP (03377.HK) soared 13-16%, while YUEXIU PROPERTY (00123.HK) and CHINA VANKE (02202.HK) shot up 8.3% and 8%. CHINA OVERSEAS (00688.HK), LONGFOR GROUP (00960.HK) and GREENTOWN CHINA (03900.HK) advanced 5.8-6.2%, while Chinese managers ONEWO (02602.HK) and CG SERVICES (06098.HK) leaped 4.3% and 3.8%. Moreover, MING YUAN CLOUD (00909.HK) and BEKE-W (02423.HK) elevated 5.1% and 7.6%. Consumers increased after midday, with ZJLD (06979.HK) and CTG DUTY-FREE (01880.HK) surging 12% and 8%. TSINGTAO BREW (00168.HK) and ANTA SPORTS (02020.HK) mushroomed 5.6% and 4.8%, while LI NING (02331.HK), CHINA RES BEER (00291.HK), HAITIAN FLAV (03288.HK), CHINA FEIHE (06186.HK), HAIDILAO (06862.HK), YIHAI INTL (01579.HK) and BUD APAC (01876.HK) mounted over 3% each. AAStocks Financial News Website: www.aastocks.com |
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