Hong Kong stocks end lower as materials outweigh consumer gains

Shenzhou International group

28/06/2021 10:24

* HSI -0.1%, HSCE -0.1%, CSI300 +0.2%
    * FTSE China A50 -0.1%

    June 28 (Reuters) - Hong Kong stocks ended slightly lower on
Monday, as losses in energy and materials companies outweighed
gains among consumer and healthcare firms. 
    ** The Hang Seng index  .HSI  closed 19.92 points or 0.07%
lower at 29,268.30. The Hang Seng China Enterprises index
 .HSCE  fell 0.14% to 10,863.57.
    ** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 1.6%, the materials sector  .HSCIM  lost 2.3%,
while the consumer discretionary index  .HSCICDF  and the
healthcare sector  .HSCICD  gained 1.7% and 1.8%, respectively. 
    ** The top gainer on the Hang Seng was ANTA Sports Products
Ltd  2020.HK , which gained 5.45%, while the biggest loser was
Geely Automobile Holdings Ltd  0175.HK , which fell 2.11%.
    ** China's main Shanghai Composite index  .SSEC  closed down
0.03% at 3,606.37 points, while the blue-chip CSI300 index
 .CSI300  ended up 0.23%.
    ** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.02%, while Japan's Nikkei index
 .N225  closed down 0.06%.
    ** The yuan  CNY=CFXS  was quoted at 6.4555 per U.S. dollar
at 0847 GMT, 0.01% weaker than the previous close of 6.455. 
    ** At close, China's A-shares were trading at a premium of
37.90% over Hong Kong-listed H-shares.
    ** Data over the weekend showed profit growth at China's
industrial firms slowed again in May as surging raw material
prices squeezed margins and weighed on factory activity
 urn:newsml:reuters.com:*:nL2N2O9017
    ** Profits at China's industrial firms rose 36.4% in May
from a year earlier to 829.92 billion yuan ($128.58 billion),
official data showed on Sunday. That was a slowdown from the 57%
surge reported in April, according to National Bureau of
Statistics.  
    ** Shares of China home-grown sportswear maker Li Ning Co
Ltd  2331.HK  surged as much as 27.6% to a new high before
ending 13.6% higher on robust earnings outlook.  urn:newsml:reuters.com:*:nL2N2OA0AU  

 (Reporting by the Shanghai Newsroom)
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))