Hang Seng ekes out gains

Business | 24 Jun 2021 4:53 pm

Hong Kong stocks eked out gains on Thursday, helped by energy and IT firms, with investors reassessing U.S. Federal Reserve statements on inflation and looking to upcoming data for direction, Reuters reports.

The Hang Seng index ended 65.39 points or 0.23 percent higher at 28,882.46. The Hang Seng China Enterprises index edged up by 0.03 percent to 10,677.31.

The latest inflation-linked retail bond (4246) closed at HK$103.2 on debut, rising by 3.2 percent. The worst performer among blue chips was power tools maker Techtronic Industries (0669), whose shares dropped by 2 percent to HK$132.3. The top gainer was solar glass maker Xinyi Solar (0968), whose shares climbed by 3.35 percent to HK$16.04.

Shares of China Evergrande (3333) added 4.21 percent after announcing it has arranged its own funds of HK$13.6 billion to repay US dollar bonds due on June 28 and interest on all offshore bonds.

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