The Hang Seng recovered and advanced by 1.31 percent helped by the estate
The Stock Exchange of Hong Kong rebounded today, after four days of losses, rose 1.31 percent driven primarily by increased property values.
The benchmark Hang Seng Index rose 268.72 points to close at 20,790.98 integers.
The turnover amounted to 63,140 million Hong Kong dollars (about 8,140 million dollars, about 6,100 million), considerably higher than HK $ 45,510 million last Monday.
Three of the four sub-indices closed with gains, especially real estate, which added 2.46 percent, followed by commerce and industry, which rose 1.29 percent, and finance, which rose 1.28 per percent, while the service lost 0.12 percent.
Banking giant HSBC, one of the great values of the Hang Seng Index, rose 1.31 percent.
Real estate values experienced a positive day. Thus, Sun Hung Kai Properties recovered 1.96 percent, after falling 13 percent last week by the arrest of its owners, the Kwok brothers suspected of corruption (now publicly declared their innocence, driving up shares) .
The Cheung Kong Real Estate Holding rose 1.38 percent, while Henderson Land rose 0.69 percent.
Shares of PetroChina, the largest oil producer in the country, rose 1.64 percent, and Sinopec, the largest refinery in China, 0.59 percent.
The Hang Seng Enterprises, the index measuring Chinese companies in the stock of Hong Kong, rose 200.73 points, or 1.88 percent, to close at 10,859.49.
Change of the day: U.S. $ 1 = $ 7.76 in Hong Kong, 1 euro = $ 10.34 in Hong Kong.
Category: Stock Market Trading
