Hang Seng bounces to high in pre-Lunar New Year rally

Thursday, February 11, 2021

Stocks ended a half-day trading session in Hong Kong on Thursday at their highest level since June 2018, as investors squared their positions ahead of the Lunar New Year holidays, Reuters reports.

The benchmark Hang Seng index gained by 0.45 percent at 30,173.57 while the China Enterprises Index climbed by 0.59 percent at 11,880.49 points.

The Hang Seng Tech Index surged by 1.92 percent and the Hang Seng sub-index tracking information technology firms won 0.95 percent.

The Hong Kong Hang Seng sub-index tracking property firms gained by 0.62 percent and the Hang Seng Finance Index climbed by 0.40 percent.

For the holiday-shortened week, Hang Seng Index climbed by 3.02 percent, the HSCE added 2.76 percent and the Hang Seng Tech index won 6.29 percent.

The Hong Kong market will be closed from Friday through February 15 and resume trading on February 16.

The top gainer on the Hang Seng Index was Meituan, which was up by 3.39 percent, while the biggest percentage loser was Mengniu Dairy, which fell by 1.61 percent.

The biggest gainer on Hang Seng Tech Index was Ping An Healthcare, which soared by 21.1 percent, while the top percentage loser was ASM Pacific, down by 0.99 percent.