[ET Net News Agency, 20 June 2019] HK stocks closed higher on Thursday morning session
in relatively quiet trade after the Fed kept federal fund rates unchanged but hinted a
hike later. The blue-chip index opened up 106 points to 28,308 and briefly pared its gains
to 56 points, hitting an intraday low of 28,258. But the index later resumed its upward
momentum, rising 293 points to an intraday high of 28,495.
The Hang Seng Index ended up 284 points or 1% to 28,486. The H-share index rose 117
points or 1.1% to 10,881. Half-day turnover decreased to HK$49.9 billion from HK$63.7
billion on Wednesday.
Blue chips jumped across the board. HSBC (00005) edged up 0.3% to HK$65.35. HKEX (00388)
inched down 0.1% to HK$277.4 even though the stock exchange announced the launch of
"inline warrants" in July, further enhancing its structured product offerings. Tencent
(00700) gained 1.6% to HK$352.8 after an online analysis firm Niko Partner expects "Game
for Peace" to bring in US$1 billion revenue. China Mobile (00941) was unchanged at
HK$69.75. AIA (01299) shot up 1.8% to HK$81.45 after management expressed upbeat sales
performance.
Shenzhou International (02313) retreated 1.5% to HK$101.7, becoming the worst performing
blue chip. (KL)