Hang Seng closes 0.3pc higher

Business | 7 Dec 2017 5:05 pm

Stocks in Hong Kong advanced today.

After suffering the biggest single-day decline in 13 months yesterday, the benchmark Hang Seng Index climbed 0.28 percent, or 78.39 points, to close at 28,303.19.

Index heavyweight Tencent Holdings (0700) was among the top blue-chip gainers of the day. The Chinese tech giant surged 3.28 percent, or HK$12.00, to HK$378.00.

Sunny Optical Technology (2382), the biggest blue-chip loser yesterday, jumped 2.48 percent, or HK$2.70, to HK$111.70. The smartphone camera lens maker became a component of the benchmark Index on Monday. Apple supplier AAC Technology (2018) rose 2.95 percent, or HK$4.10, to HK$143.00.

Hengan International (1044), the biggest blue-chip gainer of the day, soared 3.61 percent, or HK$2.70, to HK$77.50. Ping An Insurance (2318) rose 2.40 percent, or HK$1.75, to HK$74.75 while the local bourse operator Hong Kong Exchanges and Clearing (0388) climbed 1.55 percent, or HK$3.40, to HK$223.40.

Both blue-chip Macau casino operators gained today. Galaxy Entertainment (0027) surged 3.03 percent, or HK$1.65, to HK$56.15 and Sands China (1928) jumped 2.01 percent to HK$38.05.

Geely Automobile (0175), the biggest blue-chip loser of the day, tumbled 2.59 percent to HK$24.45 while AIA Group (1299) slipped 1.62 percent, or HK$1.00, to HK$60.80.

Meanwhile, the Hang Seng China Enterprises Index eased 0.11 percent, or 11.85 points, at 11,150.73.

Total turnover on the main board was HK$120.97 billion.

In mainland China, the Shanghai Composite Index slipped 0.67 percent, or 21.91 points, at 3,272.05 while the Shenzhen Composite Index dropped 0.60 percent, or 11.23 points, at 1,868.42.

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