Property developer shares climb

Monday, June 17, 2019

Shares in property developers rallied in the morning trading session today.

Wharf Real Estate Investment (1997) added 3.47 percent to HK$53.7, becoming the top gainer among blue chips.

New World Development (0017) climbed by 3.13 percent to HK$11.86, while Sino Land (0083) was up by 2.72 percent to HK$12.84.

The biggest loser among blue chips was mainland property developer Country Garden (2007), which fell by 2.09 percent to HK$11.22. Index heavyweight Tencent (2007) was up by 0.67 percent to HK$332.2, Insurers AIA gained 2.3 percent to HK$75.5.