[ET Net News Agency, 20 November 2017] HK stocks closed easier on Monday morning
session following the softer close of the US equity markets on Friday. The Hang Seng Index
opened up 28 points to 29,227. It briefly soared 100 points to an intra-day high of
29,299. But weaker China equity markets soured local sentiment.
The Hang Seng Index ended down 47 points or 0.2% to 29,151. The H-share index also fell
97 points or 0.8% to 11,510. Half-day turnover decreased to HK$57.3 billion from HK$66.1
billion on Friday.
Tencent (00700) added 1% to HK$408. Want Want China (00151) jumped 2.4% to HK$6.36. It
was the top blue-chip winner.
Automaker BYD (01211) soared 4.7% to HK$71.95 after its Executive Chairman Chuan-Fu Wang
said the company aims at topping revenue of RMB1 trillion by 2025. GAC Group (02238)
slipped 3.4% to HK$20. Brilliance China (01114) dipped 2.2% to HK$21.8. Geely Automobile
(00175) edged up 0.9% to HK$27.7.
Alibaba Group to make offer for Sun Art Retail (06808), which soared 8% to HK$9.28 at
one stage, but ended the morning down 2.4% to HK$8.39. (KL)