Hong Kong stocks end lower as Tencent falls to one-month low
05/12/2017 08:09
Dec 5 (Reuters) - Hong Kong stocks fell on Tuesday as index
heavyweight Tencent Holdings 0700.HK slumped to one-month low.
** At close of trade, the Hang Seng index was down 295.48 points
or 1.01 percent at 28,842.80. The Hang Seng China Enterprises
index .HSCE fell 0.29 percent to 11,484.69.
**The sub-index of the Hang Seng tracking energy shares .HSCIE
rose 0.3 percent while the IT sector .HSCIIT tumbled 3.03
percent , the financial sector .HSNF was 0.9 percent lower and
property sector dipped 0.67 percent .
** The top gainer on Hang Seng was Wharf Holdings Ltd 0004.HK
up 2.32 percent, while the biggest loser was Sunny Optical
Technology Group Co Ltd 2382.HK which was down 5.61 percent.
** China's main Shanghai Composite index .SSEC closed down 0.2
percent at 3,303.0417 points while its blue-chip CSI300 index
.CSI300 ended up 0.52 percent.
** Around the region, MSCI's Asia ex-Japan stock index
.MIAPJ0000PUS was weaker by 0.36 percent while Japan's Nikkei
index .N225 closed down 0.37 percent .
** The yuan CNY=CFXS was quoted at 6.6123 per U.S. dollar at
08:11 GMT, 0.06 percent firmer than the previous close of
6.6166.
** So far this year, the Hang Seng index is up 32.44 percent,
while China's H-share index is up 22.6 percent. The Hang Seng
has declined 0.13 percent this month.
** The top gainers among H-shares were China Communications
Construction Co Ltd 1800.HK up 1.85 percent, followed by New
China Life Insurance Co Ltd 1336.HK gaining 1.55 percent and
China Shenhua Energy Co Ltd 1088.HK up by 1.34 percent.
** The three biggest H-shares percentage decliners were
Guangzhou Automobile Group Co Ltd 2238.HK which was down 2.91
percent, People's Insurance Group of China Co Ltd 1339.HK off
2.5 percent and China Vanke Co Ltd 2202.HK down 1.4 percent.
** About 1.48 billion Hang Seng index shares were traded,
roughly 75.8 percent of the market's 30-day moving average of
1.96 billion shares a day. The volume traded in the previous
trading session was 1.67 billion.
** At close, China's A-shares were trading at a premium of 33.38
percent over the Hong Kong-listed H-shares.
** The price-to-earnings ratio of the Hang Seng index was 13.29
as of the last full trading day while the dividend yield was 3
percent.
** So far this week, the market capitalisation of the Hang Seng
index has risen by 1.93 percent to HK$19.05 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 higher by 1.01 percent on the day at 5,124.83
points.
(Reporting by the Shanghai Newsroom; Editing by Shri
Navaratnam)
((samuel.shen@tr.com))
Keywords: CHINA STOCKS/HONGKONG CLOSE