Hong Kong stocks end higher as investors brush aside trade war fears

Wharf Real Estate Investment

20/09/2018 09:49

Sept 20 (Reuters) - Hong Kong stocks ended higher for a
third straight session on Thursday, helped by consumer and
technology shares, as sentiment improved after the Sino-U.S.
trade war unfolded in ways less damaging than feared.
    
** The Hang Seng index  .HSI  ended 0.3 percent higher at
27,477.67, while the China Enterprises Index  .HSCE  closed 0.5
percent firmer at 10,792.59 points. 
    
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  ended 0.7 percent lower, while the IT sector  .HSCIIT 
closed up 0.53 percent, the financial sector  .HSNF  ended 0.43
percent higher and property sector closed 0.32 percent weaker.
 
** The top gainer on Hang Seng was China Mengniu Dairy Co Ltd
 2319.HK , up 2.08 percent, while the biggest loser was Wharf
Real Estate Investment Company Ltd  1997.HK , which ended down
1.76 percent.
 
** Around the region, MSCI's Asia ex-Japan stock index
 .MIAPJ0000PUS  was firmer by 0.23 percent, while Japan's Nikkei
index  .N225  closed up 0.01 percent.
 
 ** The yuan  CNY=CFXS  was quoted at 6.8541 per U.S. dollar, as
of 0833 GMT, 0.05 percent weaker than the previous close of
6.8506. 
 
** The top gainers among H-shares were Air China Ltd  0753.HK ,
which ended 2.09 percent higher, followed by China Minsheng
Banking Corp Ltd  1988.HK , which ended 1.94 percent firmer and
ZhongAn Online P&C Insurance Co Ltd  6060.HK , which closed up
1.9 percent.
 
** The three biggest H-shares percentage decliners were China
Gas Holdings Ltd  0384.HK , which ended down 2.30 percent, China
Galaxy Securities Co Ltd  6881.HK , which closed 1.9 percent
weaker and CNOOC Ltd  0883.HK , which closed down 1.7 percent.
 
** About 1.44 billion Hang Seng index shares were traded,
roughly 80.4 percent of the market's 30-day moving average of
1.79 billion shares a day. The volume traded in the previous
trading session was 1.93 billion.
 
** At close, China's A-shares were trading at a premium of 18.98
percent over the Hong Kong-listed H-shares.
 
** The price-to-earnings ratio of the Hang Seng index was 10.6,
as of the last full trading day, while the dividend yield was
3.5 percent. 

 (Reporting by the Shanghai Newsroom, Editing by Sherry
Jacob-Phillips)
 ((Samuel.shen@tr.com))