Real estate profits drive the Hang Seng gains

| October 13, 2011

Best Growth Stock – The Stock Exchange of Hong Kong, which accumulated with the now six consecutive days of rising, advanced 2.34% in the benchmark Hang Seng, boosted by strong gains in real estate.

The selective index rose 428.35 integers, to close at 18757.81.

The trading volume stood at 88,390 million HK dollars, equivalent to about 11.362 million dollars, about 8.278 million euros.

Three of the four sub-indices closed higher, with the leading real estate increases to 4.44% or 1021.66 points, to 24012.01.

The financial sector grew by 2.76% or 685.48 points to close at 25520.53, while the trade and industry gained 1.79%, or 196.67 points, to 11199.37.

Only the services sub-index closed in negative territory, down 0.51% or 228.96 points, to 44411.15.

Among the estate, said the result of SHK Properties, which gained 4.05% to its stock took the $ 102.70 in Hong Kong.

The ballots of its competitor Hang Lung surged 1.15% to $ 26.80 in Hong Kong and Cheung Kong, 2.85%, trading at $ 95.75 in Hong Kong.

In the banking sector, HSBC, parquet heavyweight, rose 2.05% to $ 64.65 in Hong Kong, the Hang Seng, 3%, which left its shares at $ 97.85 in Hong Kong .

ICBC remained almost motionless with a rise of 0.08% to $ 4.44 in Hong Kong, like the Bank of China, which rose 0.07% to $ 2.76 in Hong Kong.

The oscillations were also mild in the energy sector, in which Sinopec fell 0.04% to $ 7.14 in Hong Kong and China Petro rose 0.24% to $ 9.28 in Hong Kong.

For its part, the Hang Seng China Enterprises Index, which groups major Chinese state, gained 346.74 points, equivalent to 3.67%, which stood at 9802.58 integers.

Change of the day: 1 Euro = 10.6 Hong Kong dollars, $ 1 = 7.8 Hong Kong dollars.

Category: Business News

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