Hong Kong shares rise for 7th day in a row, hit 10-year high

Wharf Holdings

04/01/2018 08:10

SHANGHAI, Jan 4 (Reuters) - Hong Kong's benchmark stock 
index rose for the seventh straight session on Thursday, hitting 
a fresh 10-year high and pacing gains in Asian markets as solid 
United States and German economic data boosted sentiment.  
  
** At the close of trade, the Hang Seng index was up 175.53 
points or 0.57 percent at 30,736.48. The Hang Seng China 
Enterprises index  .HSCE  rose 0.95 percent to 12,203.55. 
  
**The sub-index of the Hang Seng tracking energy shares  .HSCIE  
rose 3.1 percent while the IT sector  .HSCIIT  rose 1.87 
percent, the financial sector  .HSNF  was 0.47 percent higher 
and property sector rose 0.48 percent. 
  
** The top gainer on Hang Seng was Wharf Holdings Ltd  0004.HK  
up 8.7 percent, while the biggest loser was China Mengniu Dairy 
Co Ltd  2319.HK , down 4.06 percent. 
  
** China's main Shanghai Composite index  .SSEC  closed up 0.52 
percent at 3,386.5043 points while its blue-chip CSI300 index 
 .CSI300  ended up 0.44 percent. 
  
 ** Around the region, MSCI's Asia ex-Japan stock index 
 .MIAPJ0000PUS  was firmer by 0.32 percent while Japan's Nikkei 
index  .N225  closed up 3.26 percent. 
  
 ** The yuan  CNY=CFXS  was quoted at 6.4973 per U.S. dollar at 
08:14 GMT, 0.05 percent firmer than the previous close of 
6.5005.  
  
** The top gainers among H-shares were PetroChina Co Ltd 
 0857.HK  up 4.91 percent, followed by China Petroleum & 
Chemical Corp  0386.HK  gaining 4.41 percent and China 
Construction Bank Corp  0939.HK  up by 2.43 percent. 
  
** The three biggest H-shares percentage decliners were 
Guangzhou Automobile Group Co Ltd  2238.HK  which was down 2.26 
percent, China Shenhua Energy Co Ltd  1088.HK  which fell 1.6 
percent and China Life Insurance Co Ltd  2628.HK  down by 1.6 
percent. 
  
** About 3.09 billion Hang Seng index shares were traded, 
roughly 182.6 percent of the market's 30-day moving average of 
1.69 billion shares a day. The volume traded in the previous 
trading session was 2.38 billion. 
  
** At close, China's A-shares were trading at a 
premium of 27.43 percent over the Hong Kong-listed H-shares. 
  
** The price-to-earnings ratio of the Hang Seng index was 13.93 
as of the last full trading day while the dividend yield was 2.8 
percent. 
  
** So far this week, the market capitalisation of the Hang Seng 
index has risen by 2.16 percent to HK$20.01 trillion. 
  
** The short and one-factor leveraged Hang Seng index  .HSISI , 
which is designed to replicate the payoff of a short or 
leveraged portfolio and is linked to the movements of the Hang 
Seng Index, was lower by 0.57 percent on the day at 4,801.92 
points. 
 
 (Reporting by the Shanghai Newsroom; Editing by Richard Borsuk) 
 ((samuel.shen@tr.com)) 
 
Keywords: CHINA STOCKS/HONGKONG CLOSE