Hong Kong stocks rise as financials climb; H-shares up

Zhuzhou CRRC Times Electric

30/04/2018 05:45

* Hang Seng index rises 1.5 pct at over one-week high
    * China Enterprises index HSCE rises 2.1 pct 
    * HSI financial, property sub-indexes climb over 2 pct

    HONG KONG, April 30 (Reuters) - Hong Kong's main Hang Seng
index  .HSI  rose to a more than one-week high by lunch break on
Monday, as strength in overseas markets provided support, with
banks and financial stocks leading the charge, while China's
H-shares index  .HSCE  climbed to an over two-week high.
 
** Chinese financial stocks rose after their strong quarterly
performance, while expectations of an interest rate raise also
gave the sector a boost, while many investors stayed on the
sidelines for hints from China-U.S. trade talks, traders said.
** By lunch break, the Hang Seng index was up 458.09 points or
1.51 percent at 30,738.76. The Hang Seng China Enterprises index
 .HSCE  rose 2.06 percent to 12,314.56.
 
** The sub-index of the Hang Seng tracking energy shares
 .HSCIE  edged up 0.1 percent while the IT sector  .HSCIIT  rose
1.01 percent, the financial sector  .HSNF  was 2.03 percent
higher and property sector  .HSNP  rose 2.03 percent.
 
** The top gainer on Hang Seng was BOC Hong Kong Holdings Ltd
 2388.HK , up 4.7 percent, while the biggest loser was China
Mengniu Dairy Co Ltd  2319.HK , which was down 3.02 percent.
 
** MSCI's Asia ex-Japan stock index  .MIAPJ0000PUS  gained 0.96
percent.
  
** The top gainers among H-shares were Zhuzhou CRRC Times
Electric Co Ltd  3898.HK , up 5.92 percent, followed by China
Merchants Bank Co Ltd  3968.HK , gaining 5.5 percent, and Anhui
Conch Cement Co Ltd  0914.HK  up 4.6 percent.
 
** The three biggest H-shares percentage decliners were BYD Co
Ltd  1211.HK , which was down 5.94 percent, China Shenhua Energy
Co Ltd  1088.HK , which fell 2.7 percent, and CSPC
Pharmaceutical Group Ltd  1093.HK  down 0.98 percent.
 
** About 874.29 million Hang Seng index shares were traded,
roughly 48.2 percent of the market's 30-day moving average of
1.81 billion shares a day. The volume traded in the previous
trading session was 1.66 billion.
  

 (Reporting by Donny Kwok; Editing by Amrutha Gayathri)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))