Hong Kong stocks up for 9th day, close at 10-year high

Sino Land

05/01/2018 08:08

Jan 5 (Reuters) - Hong Kong stocks rose for a ninth straight 
session on Friday, aided by strong gains by real estate firms, 
and the benchmark Hang Seng Index closed at a 10-year high. 
       
** Chinese appetite for Hong Kong equities, ample cash supply 
and optimism over share reforms could propel the city's 
benchmark stock index up as much as 15 percent this year, after 
an already bullish run in 2017, fund managers and analysts say. 
 urn:newsml:reuters.com:*:nL4N1OZ1JU  
  
** At close of trade, the Hang Seng index  HSI  was up 78.16 
points or 0.25 percent at 30,814.64. The Hang Seng China 
Enterprises index  .HSCE  rose 0.07 percent to 12,211.63. 
 
** For the week, HSI was up 3.0 percent, its fourth straight 
such gain and its best week since the one ended on Oct. 6. 
     
**The sub-index of the Hang Seng tracking energy shares  .HSCIE  
rose 0.8 percent while the IT sector  .HSCIIT  rose 0.26 
percent, the financial sector  .HSNF  was 0.2 percent lower and 
property sector rose 2.32 percent. 
  
** The top gainer on Hang Seng was Sino Land Co Ltd  0083.HK  up 
4.37 percent, while the biggest loser was Hengan International 
Group Company Ltd  1044.HK  which was down 2.98 percent. 
  
** China's main Shanghai Composite index  .SSEC  closed up 0.2 
percent at 3,392.3555 points while its blue-chip CSI300 index 
 .CSI300  ended up 0.25 percent. 
  
 ** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was firmer by 0.52 percent while Japan's Nikkei 
index  .N225  closed up 0.89 percent. 
  
 ** The yuan  CNY=CFXS  was quoted at 6.4847 per U.S. dollar at 
08:11 GMT, 0.14 percent firmer than the previous close of 6.494. 
  
** So far this year, the Hang Seng index is up 2.73 percent, 
while China's H-share index is up 4.2 percent. As of the 
previous close, the Hang Seng has risen 2.73 percent this month. 
  
** The top gainers among H-shares were China Vanke Co Ltd 
 2202.HK  up 6.38 percent, followed by Postal Savings Bank of 
China Co Ltd  1658.HK  gaining 3.1 percent and China Shenhua 
Energy Co Ltd  1088.HK  up by 2.38 percent. 
  
** The three biggest H-shares percentage decliners were New 
China Life Insurance Co Ltd  1336.HK  which was down 3.74 
percent, China Pacific Insurance Group Co Ltd  2601.HK  which 
fell 3.1 percent and Ping An Insurance Group Co of China Ltd 
 2318.HK  down by 2.0 percent. 
  
** About 2.33 billion Hang Seng index shares were traded, 
roughly 135.5 percent of the market's 30-day moving average of 
1.72 billion shares a day. The volume traded in the previous 
trading session was 3.09 billion. 
  
** At close, China's A-shares were trading at a premium of 28.09 
percent over the Hong Kong-listed H-shares. 
  
** The price-to-earnings ratio of the Hang Seng index was 14.02 
as of the last full trading day while the dividend yield was 2.8 
percent. 
  
** So far this week, the market capitalisation of the Hang Seng 
index has risen by 2.96 percent to HK$20.16 trillion. 
  
** 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 0.25 percent on the day at 4,789.8 
points. 
 
 (Reporting by the Shanghai Newsroom) 
 ((luoyan.liu@thomsonreuters.com; Reuters Messaging: 
luoyan.liu.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE