Thursday, October 23, 2014   

Casinos, tech companies big winners in positive run for Hang Seng
(12-31 12:21)

Stocks in Hong Kong closed 0.26 percent higher, finishing a mixed year on a bright note following another record close for the Dow on Wall Street.
The benchmark Hang Seng Index ended 61.52 points higher at 23,306.39 on turnover of HK$30.62 billion.
The index finished the year 2.87 percent up from its 2012 close.
For the year, the biggest winners for the year were casino stocks and China tech companies. Galaxy Entertainment soared 127 percent while Sands China was up 84 percent to become the third-best performer.
Internet firm Tencent nearly doubled to sit near the HK$500 level.
Among the big losers was China Coal Energy, which lost 48 percent, while China Shenhua Energy and Hong Kong merchandiser Li & Fung each lost about a third of their value.—AFP
   
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