Hong Kong shares end lower; Alibaba marks solid HK debut

Want Want China Holdings

26/11/2019 08:56

* Hang Seng index ends down 0.29%
    * China Enterprises index HSCE falls 0.11% 
    * Alibaba shares rise 6.6% over issue price; small premium
over NY
    * HSI financial sector sub-index flat; property sector -1%

    Nov 26 (Reuters) - Hong Kong stocks ended lower on Tuesday
as investors locked in profit after a recent rally, while
Alibaba's shares rose to a small premium over New York in their
debut at the financial hub. 
   
** At the close of trade, the Hang Seng index  .HSI  was down
79.12 points or 0.29% at 26,913.92 after gaining nearly 2% over
the previous two sessions. The Hang Seng China Enterprises index
 .HSCE  closed 0.11% weaker at 10,617.37.
 
** Hong Kong leader Carrie Lam acknowledged on Tuesday that the
record turnout in local elections won by opposition,
pro-democracy candidates highlighted dissatisfaction with her
administration, while appealing for an end to violent protests.
Analysts cited that smooth elections helped lift Asian markets
on Monday.  urn:newsml:reuters.com:*:nL4N2860Q2
 
** Hong Kong-listed shares of Alibaba Group  BABA.N  9988.HK 
ended the day at HK$187.60, up 6.6% from the issue price of
HK$176, and representing a small premium to pricing in New York.
  urn:newsml:reuters.com:*:nL4N2860JF
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  dipped 0.2%, while the IT sector  .HSCIIT  dropped
0.29%, the financial sector  .HSNF  ended 0.22% lower and the
property sector lost 1.03%.
 
** The top gainer on the Hang Seng was China Mengniu Dairy Co
Ltd  2319.HK , which ended up 3.04%, while the biggest loser was
AAC Technologies Holdings Inc  2018.HK , which fell 4.88%.
 
** China's main Shanghai Composite index  .SSEC  closed up 0.03%
at 2,907.06 points, while the blue-chip CSI300 index  .CSI300 
ended 0.35% firmer.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.02%, while Japan's Nikkei index
 .N225  closed up 0.35%.
 
** The yuan  CNY=CFXS  was quoted at 7.0341 per U.S. dollar at
0814 GMT, 0.02% firmer than the previous close of 7.0355. 
 
** The top gainers among H-shares were ENN Energy Holdings Ltd
 2688.HK , which closed up 2.64%, followed by Want Want China
Holdings Ltd  0151.HK , which ended 2.41% firmer and China
Minsheng Banking Corp Ltd  1988.HK , up by 1.64%.
 
** The three biggest H-shares percentage decliners were China
Resources Beer Holdings Co Ltd  0291.HK , which closed down
2.82%, China Gas Holdings Ltd  0384.HK , which ended 1.74%
weaker and China Railway Group Ltd  0390.HK , down by 1.65%.
 
** About 2.42 billion Hang Seng index shares were traded,
roughly 162.9% of the market's 30-day moving average of 1.48
billion shares a day. The volume traded in the previous trading
session was 1.50 billion.
 

 (Reporting by Andrew Galbraith, Editing by Sherry
Jacob-Phillips)
 ((Andrew.Galbraith@tr.com; +86 21 2083 0079; Reuters Messaging:
andrew.galbraith.thomsonreuters.com@reuters.net ; Twitter: https://twitter.com/apgalbraith))