Hong Kong stocks inch up after Lunar New Year break, H-shares ease

Sino Land

20/02/2018 04:37

* Hang Seng index edges up 0.1 pct 
    * China Enterprises index HSCE eases 0.2 pct 
    * HSI financial sub-index falls 0.3 pct; property up 0.1 pct 
 
    HONG KONG, Feb 20 (Reuters) - Hong Kong's benchmark Hang 
Seng index  .HSI  edged up at midday on Tuesday as the city's 
markets reopened after the Lunar New Year holiday, while the 
index of China's H-shares index  .HSCE  fell.  
  
** By lunch break, the Hang Seng was up 36.22 points or 0.12 
percent at 31,151.65. The Hang Seng China Enterprises index slid 
0.18 percent to 12,512.92. 
  
** The Hang Seng sub-index that tracks energy shares  .HSCIE  
rose 0.4 percent while the IT sector  .HSCIIT  rose 0.97 
percent. The financial sector  .HSNF  was 0.29 percent lower,  
while the property sector edged up 0.09 percent. 
  
** The top gainer on Hang Seng was Geely Automobile Holdings Ltd 
 0175.HK , up 3.74 percent, while the biggest loser was Sino 
Land Co Ltd  0083.HK , down 2.57 percent. 
  
** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was flat percent while Japan's Nikkei index 
 .N225  was down 0.9 percent. 
  
** As of the previous trading session, the Hang Seng index was 
up 4 percent this year, while China's H-share index was up 7.1 
percent.  
  
** The top gainers among H-shares were Guangzhou Automobile 
Group Co Ltd  2238.HK  up 4.02 percent, followed by Air China 
Ltd  0753.HK  gaining 3.12 percent, and Dongfeng Motor Group Co 
Ltd  0489.HK  2.62 percent. 
  
** The three biggest H-shares percentage decliners were China 
Merchants Bank Co Ltd  3968.HK , which was down 1.31 percent, 
CITIC Securities Co Ltd  6030.HK  which fell 1.1 percent and 
Industrial and Commercial Bank of China Ltd  1398.HK  down by 
1.0 percent. 
  
** About 1.17 billion Hang Seng index shares were traded, 
roughly 37.8 percent of the market's 30-day moving average of 
3.10 billion shares a day.  
  
** The price-to-earnings ratio of the Hang Seng index was 14.13 
as of the last full trading day while the dividend yield was 2.8 
percent. 
  
** The short and one-factor leveraged Hang Seng index  .HSISI , 
which is designed to replicate the payoff of a short or 
leveraged portfolio and is linked to the movements of the Hang 
Seng Index, was lower by 0.11 percent on the day at 4,707.81 
points. 
 
 (Reporting by Donny Kwok; Editing by Richard Borsuk) 
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters 
Messaging: donny.kwok.reuters.com@reuters.net)) 
 
Keywords: HONGKONG MARKETS/STOCKS