Hang Seng turns green at midday

Business | 10 Jan 2019 12:51 pm

Stocks in Hong Kong advanced at midday today after opening lower.

The benchmark Hang Seng Index rose 0.37 percent, or 97.16 points, at 26,559.48 while the China Enterprises Index, the H-share gauge, added 0.46 percent, or 47.61 points, at 10,405.82.

Pharma stocks rallied. CSPC Pharmaceutical (1093), the biggest blue-chip gainer at break, soared 8.98 percent, or HK$1.02, to HK$12.38 while Sino Biopharmaceutical (1177) surged 8.27 percent to HK$ 5.50.

Apple supplier Sunny Optical Technology (Group) (2382) jumped 4.48 percent, or HK$2.85, to HK$66.4 and Chinese rice crackers maker Want Want China added 3.15 percent to HK$6.22.

Shares of Alibaba Health (0241) surged 8.01 percent to HK$6.88 after the company announced to continuously collaborate with U.S. pharmaceutical corporation Pfizer.

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