China, HK stocks higher after record-setting session on Wall Street
19/12/2017 04:40
SHANGHAI, Dec 19 (Reuters) - China and Hong Kong stocks
followed Asian markets higher, inspired by a record-setting
session on Wall Street where investors bet on the passage of
sweeping tax legislation that could lift corporate earnings next
year.
** At 04:14 GMT, the Shanghai Composite index .SSEC was up
17.44 points or 0.53 percent at 3,285.36.
** China's blue-chip CSI300 index .CSI300 was up 0.8 percent,
with its financial sector sub-index .CSI300FS higher by 1.31
percent. The consumer staples sector was up 0.94 percent, while
the real estate index rose 0.85 percent and the healthcare
sub-index gained 0.47 percent.
** Chinese H-shares listed in Hong Kong .HSCE rose 0.98
percent to 11,527.53 with the Hang Seng Index .HSI up 0.83
percent at 29,291.07.
** The smaller Shenzhen index .SZSC was up 0.55 percent and
the start-up board ChiNext Composite index .CHINEXTP was 0.84
percent higher.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was firmer by 0.37 percent while Japan's Nikkei
index .N225 was up 0.01 percent.
** The yuan CNY=CFXS was quoted at 6.6156 per U.S. dollar,
0.02 percent firmer than the previous close of 6.617.
** The largest percentage gainers in the main Shanghai Composite
index were Hangzhou Advance Gearbox Group Co Ltd 601177.SS up
9.95 percent, followed by Easysight Supply Chain Management Co
Ltd 600093.SS gaining 9.71 percent and Shandong Hualu
Hengsheng Chemical Co Ltd 600426.SS up by 6.52 percent.
** The largest percentage losses in the Shanghai index were
Tibet Summit Resources Co Ltd 600338.SS down 6.93 percent,
followed by Nanjing Central Emporium Group Stocks Co Ltd
600280.SS losing 3.58 percent and Shanghai Belling Corp Ltd
600171.SS down by 3.48 percent.
** So far this year, the Shanghai stock index is up 5.29
percent, while China's H-share index is up 21.5 percent.
Shanghai stocks have declined 1.49 percent this month.
** The top gainers among H-shares were New China Life Insurance
Co Ltd 1336.HK up 5.04 percent, followed by Ping An Insurance
Group Co of China Ltd 2318.HK gaining 3.95 percent and Air
China Ltd 0753.HK up by 3.43 percent.
** The three biggest percentage decliners in H-shares were China
Vanke Co Ltd 2202.HK which has fallen 0.88 percent, China
Telecom Corp Ltd 0728.HK which has lost 0.8 percent and Byd Co
Ltd 1211.HK down by 0.6 percent.
** About 6.01 billion shares have traded so far on the Shanghai
exchange, roughly 36.4 percent of the market's 30-day moving
average of 16.54 billion shares a day. The the last full trading
day's volume traded was 12.07 billion shares.
** As of 04:14 GMT, China's A-shares were trading at a
premium of 29.55 percent over the Hong Kong-listed H-shares.
** The Shanghai stock index is below its 50-day moving average
and above its 200-day moving average.
** The price-to-earnings ratio of the Shanghai index was 14.65
as of the last full trading day while the dividend yield was 2
percent.
** So far this week, the market capitalisation of the Shanghai
stock index has risen by 0.17 percent to 28.50 trillion yuan.
** In Hong Kong, the the Hang Seng sub-index tracking energy
shares .HSCIE rose 0.4 percent while the IT sector .HSCIIT
rose 2 percent. The top gainer on Hang Seng was Sunny Optical
Technology Group Co Ltd 2382.HK . up 3.96 percent, while the
biggest loser was Wharf Holdings Ltd 0004.HK which was down
1.68 percent.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
China stock market graphics suite http://reut.rs/1NfkoGl
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Shanghai Newsroom; Editing by Eric Meijer)
((samuel.shen@thomsonreuters.com; +86 21 6104 1789; Reuters
Messaging: samuel.shen.thomsonreuters.com@reuters.net))
Keywords: CHINA STOCKS/MIDDAY