Hong Kong shares end flat; H-shares fall 0.3 pct

Hengan International

23/04/2019 09:36

* China Enterprises index HSCE falls 0.32 pct
    * Energy shares rise on strong oil; property sector down 0.9
pct

    April 23 (Reuters) - Shares in Hong Kong ended unchanged on
Monday after a long holiday weekend, while H-shares lagged as a
promise of policy fine-tuning from a top-level meeting chaired
by President Xi Jinping added to investor worries over a slower
pace of easing in China.
** At the close of trade, the Hang Seng index was down just 0.02
points at 29,963.24. The Hang Seng China Enterprises index
 .HSCE  fell 0.32 percent to 11,731.02.
 
** H-shares followed mainland indexes lower after the official
Xinhua News Agency said China should fine-tune monetary policy
"in a timely and pre-emptive way based on economic growth and
changes in price situations," citing the meeting chaired by
President Xi Jinping. The report echoed comments from the
Politburo, State Council and central bank in the past two
weeks. urn:newsml:reuters.com:*:nL3N2241JN
 
** China's main Shanghai Composite index  .SSEC  closed down
0.51 percent at 3,198.59, while the blue-chip CSI300 index
 .CSI300  ended down 0.16 percent.
 
** Stronger oil prices helped lift the sub-index of the Hang
Seng tracking energy shares  .HSCIE  up 0.6 percent, while the
IT sector  .HSCIIT  rose 0.42 percent, the financial sector
 .HSNF  ended 0.06 percent higher and the property sector dipped
0.91 percent.
 
** The top gainer on the Hang Seng was WH Group Ltd  0288.HK ,
which rose 4.23 percent, while the biggest loser was Sino
Biopharmaceutical Ltd  1177.HK , which fell 2.95 percent.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.11 percent, while Japan's Nikkei
index  .N225  closed up 0.19 percent.
 
** The yuan  CNY=CFXS  was quoted at 6.7187 per U.S. dollar at
08:24 GMT, 0.1 percent weaker than the previous close of 6.7122.
 
** The top gainers among H-shares were China Tower Corp Ltd
 0788.HK  up 3.64 percent, followed by Hengan International
Group Company Ltd  1044.HK  gaining 3.22 percent, and Huaneng
Power International Inc  0902.HK , up by 1.68 percent.
 
** The three biggest H-shares percentage decliners were Air
China Ltd  0753.HK , which was down 6.57 percent, Guangzhou
Automobile Group Co Ltd  2238.HK , which fell 6.0 percent and
Dongfeng Motor Group Co Ltd  0489.HK , down by 4.8 percent.

 (Reporting by Andrew Galbraith; Editing by Gopakumar Warrier)
 ((Andrew.Galbraith@tr.com; +86 21 6104 1779; Reuters Messaging:
andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))