China stocks climb on robust services sector activity; Hong Kong also up
04/01/2018 04:47
SHANGHAI, Jan 4 (Reuters) - China and Hong Kong stocks
extended gains on Thursday, aided by data showing Chinese
services sector activity grew at its best pace in more than
three years in December.
** China's services sector activity expanded in December on
solid growth in new business, with the outlook improving to a
six-month high, a private sector survey showed on Thursday.
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** At 04:02 GMT, the Shanghai Composite index was up 13.79
points or 0.41 percent at 3,382.90.
** China's blue-chip CSI300 index .CSI300 was up 0.46 percent,
with its financial sector sub-index .CSI300FS higher by 0.25
percent, the consumer staples sector up 2.87 percent, the real
estate index up 0.34 percent and healthcare sub-index up 0.72
percent.
** Chinese H-shares listed in Hong Kong .HSCE rose 0.87
percent to 12,194.58, while the Hang Seng Index .HSI was up
0.45 percent at 30,699.74.
** The smaller Shenzhen index .SZSC was up 0.17 percent and
the start-up board ChiNext Composite index .CHINEXTP was
weaker by 0.23 percent.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was firmer by 0.12 percent while Japan's Nikkei
index .N225 was up 2.55 percent.
** The yuan CNY=CFXS was quoted at 6.5078 per U.S. dollar,
0.11 percent weaker than the previous close of 6.5005.
** The largest percentage gainers in the main Shanghai Composite
index were Baotou Huazi Industry Co Ltd 600191.SS up 10.05
percent, followed by Hubei Sanxia New Building Materials Co Ltd
600293.SS gaining 10.01 percent and SJEC Corp 601313.SS up
by 9.99 percent.
** The largest percentage losses in the Shanghai index were
Jiangsu Protruly Vision Technology Group Co Ltd 600074.SS down
5.05 percent, followed by BOCO Inter-Telecom Co Ltd 600289.SS
losing 5.02 percent and Hunan Copote Science Technology Co Ltd
600476.SS down by 4.06 percent.
** The top gainers among H-shares were PetroChina Co Ltd
0857.HK up 4 percent, followed by China Petroleum & Chemical
Corp 0386.HK gaining 3.9 percent and Postal Savings Bank of
China Co Ltd 1658.HK up by 2.68 percent.
** The three biggest H-shares percentage decliners were Air
China Ltd 0753.HK which has fallen 2.51 percent, Guangzhou
Automobile Group Co Ltd 2238.HK which has lost 1.8 percent and
China Shenhua Energy Co Ltd 1088.HK down by 0.9 percent.
** About 10.58 billion shares have traded so far on the Shanghai
exchange, roughly 69.2 percent of the market's 30-day moving
average of 15.30 billion shares a day. The volume traded was
21.38 billion as of the last full trading day.
** As of 04:02 GMT, China's A-shares were trading at a premium
of 27.71 percent over the Hong Kong-listed H-shares.
** The Shanghai stock index is above its 50-day moving average
and above its 200-day moving average.
** The price-to-earnings ratio of the Shanghai index was 15.16
as of the last full trading day while the dividend yield was 1.9
percent.
** So far this week, the market capitalisation of the Shanghai
stock index has risen by 2.03 percent to 29.49 trillion yuan.
** In Hong Kong, the sub-index of the Hang Seng index tracking
energy shares .HSCIE rose 2.7 percent while the IT sector
.HSCIIT rose 1.4 percent. The top gainer on Hang Seng was
Wharf Holdings Ltd 0004.HK up 4.09 percent, while the biggest
loser was China Mengniu Dairy Co Ltd 2319.HK which was down
2.78 percent.
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China stock market graphics suite http://reut.rs/1NfkoGl
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(Reporting by Samuel Shen and John Ruwitch; Editing by
Jacqueline Wong)
((samuel.shen@thomsonreuters.com; +86 21 6104 1789; Reuters
Messaging: samuel.shen.thomsonreuters.com@reuters.net))
Keywords: CHINA STOCKS/MIDDAY