Hong Kong's Hang Seng index posts biggest weekly loss of the year
01/12/2017 08:09
Dec 1 (Reuters) - Hong Kong stocks fell on Friday, with the
benchmark Hang Seng Index posting its biggest weekly loss in 11
months as investors booked profits from this year's robust
rally.
Losses in mainland China stocks also pressured Hong Kong
this week as regulators in Beijing continue to clamp down on
riskier types of activity to reduce systemic risks in the
financial system.
** At close of trade, the Hang Seng index was down 103.11 points
or 0.35 percent at 29,074.24. It fell 2.7 percent on the week,
the biggest such drop since December 2016. The Hang Seng China
Enterprises index .HSCE fell 0.23 percent to 11,449.43.
**The sub-index of the Hang Seng tracking energy shares .HSCIE
rose 0.3 percent while the IT sector .HSCIIT dipped 2.72
percent, the financial sector .HSNF was 0.2 percent lower and
property sector rose 0.52 percent.
** The top gainer on Hang Seng was Wharf Holdings Ltd 0004.HK
up 3.25 percent, while the biggest loser was Tencent Holdings
Ltd 0700.HK which was down 2.66 percent.
** China's main Shanghai Composite index .SSEC closed up 0.02
percent at 3,317.8092 points while its blue-chip CSI300 index
.CSI300 ended down 0.19 percent.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was barely changed while Japan's Nikkei index
.N225 closed up 0.41 percent.
** The yuan CNY=CFXS was quoted at 6.6078 per U.S. dollar at
08:12 GMT, 0.02 percent firmer than the previous close of 6.609.
** So far this year, the Hang Seng index is up 32.62 percent,
while China's H-share index is up 22.1 percent. The Hang Seng
has risen 3.3 percent this month.
** The top gainers among H-shares were China Vanke Co Ltd
2202.HK up 3.34 percent, followed by Sinopharm Group Co
1099.HK gaining 1.95 percent and GF Securities Co Ltd
1776.HK up by 1.28 percent.
** The three biggest H-shares percentage decliners were Ping An
Insurance Group Co of China Ltd 2318.HK which was down 1.75
percent, China Merchants Bank Co Ltd 3968.HK which fell 1.5
percent and Anhui Conch Cement Co Ltd 0914.HK down by 1.2
percent.
** About 2.15 billion Hang Seng index shares were traded,
roughly 110.9 percent of the market's 30-day moving average of
1.94 billion shares a day. The volume traded in the previous
trading session was 2.51 billion.
** At close, China's A-shares were trading at a premium of 30.89
percent over the Hong Kong-listed H-shares.
** The price-to-earnings ratio of the Hang Seng index was 13.35
as of the last full trading day while the dividend yield was 2.9
percent.
** So far this week, the market capitalisation of the Hang Seng
index has fallen by 1.67 percent to HK$18.80 trillion.
(Reporting by the Shanghai Newsroom; Editing by Kim Coghill)
((samuel.shen@tr.com))
Keywords: CHINA STOCKS/HONGKONG CLOSE