China stocks rise as service sector activity picks up; HK mixed
05/12/2017 04:33
SHANGHAI, Dec 5 (Reuters) - China stocks rose on Tuesday
morning after a private survey showed growth in China's services
sector activity picked up to a three-month high in November.
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Hong Kong shares were mixed, after a survey showed the
city's November business activity expanded at a slightly faster
pace. urn:newsml:reuters.com:*:nS7N1GF00H
** At 04:07 GMT, the Shanghai Composite index was up 1.98 points
or 0.06 percent at 3,311.59.
** China's blue-chip CSI300 index .CSI300 was up 0.53 percent,
with its financial sector sub-index .CSI300FS higher by 1.17
percent. The consumer staples sector was up 0.44 percent, the
real estate index rose 0.69 percent and healthcare sub-index was
vup 0.06 percent.
** Chinese H-shares listed in Hong Kong .HSCE rose 0.29
percent at 11,551.85 points, while the Hang Seng Index .HSI
was down 0.3 percent at 29,051.63.
** The smaller Shenzhen index .SZSC was down 0.75 percent and
the start-up board ChiNext Composite index .CHINEXTP was 1.2
percent weaker.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was weaker by 0.02 percent while Japan's Nikkei
index .N225 was down 0.30 percent .
** The yuan CNY=CFXS was quoted at 6.6116 per U.S. dollar,
0.08 percent firmer than the previous close of 6.6166.
** The largest percentage gainers in the main Shanghai Composite
index were Kunwu Jiuding Investment Holdings Co Ltd 600053.SS
up 9.99 percent, followed by Yangmei Chemical Co Ltd 600691.SS
gaining 6.98 percent ,and Ningbo Bird Co Ltd 600130.SS rising
by 6.12 percent.
** The largest percentage losses in the Shanghai index were
Sichuan Langsha Holding Ltd 600137.SS down 9.99 percent,
followed by Lawton Development Co Ltd 600209.SS losing 9.61
percent and Xinjiang Urban Construction Group Co Ltd 600545.SS
down by 8.89 percent.
** So far this year, the Shanghai stock index is up 6.64
percent, while China's H-share index is up 22.6 percent.
Shanghai stocks have declined 0.23 percent this month.
** The top gainers among H-shares were New China Life Insurance
Co Ltd 1336.HK up 3.01 percent, followed by China
Communications Construction Co Ltd 1800.HK gaining 2.77
percent and China Merchants Bank Co Ltd 3968.HK up by 1.81
percent.
** The three biggest H-shares percentage decliners were
Guangzhou Automobile Group Co Ltd 2238.HK which has fallen
1.10 percent, China Telecom Corp Ltd 0728.HK which has lost
1.0 percent and China Minsheng Banking Corp Ltd 1988.HK down
by 0.5 percent.
** As of 04:07 GMT, China's A-shares were trading at a premium
of 31.66 percent over the Hong Kong-listed H-shares.
** The price-to-earnings ratio of the Shanghai index was 14.83
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 0.10 percent to 28.82 trillion yuan.
** In Hong Kong, the sub-index of the Hang Seng index tracking
energy shares .HSCIE rose 0.5 percent while the IT sector
.HSCIIT fell 1.5 percent. The top gainer on Hang Seng was
Wharf Holdings Ltd 0004.HK up 1.74 percent, while the biggest
loser was Sunny Optical Technology Group Co Ltd 2382.HK which
was down 4.32 percent.
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(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