HK blue chips closed little changed on Thursday in extremely quiet trade ahead of Easter holidays. In addition, the PBoC withdrew RMB95bn of liquidity from the market this morning.
The benchmark index opened 162 points higher, and saw its gains narrow. It fell into negative territory at one stage. The Hang Seng Index ended up 64 points to 22,760. The H-share index also rose 44 points to 10,080.
Turnover reduced to a fresh year low of HK$42.8bn from HK$55bn on Wednesday. Among the blue chips, 30 rose and 17 fell, with three stocks remaining steady.
Citic Pacific (00267) announced plans to acquire parent's assets. It dipped 3.1% to HK$13.86, becoming the worst-performing blue chip. Sino Land (00083) put on 2.2% to HK$11.96 and was the top blue-chip winner.
China Railsmedia (00745) rebounded for two consecutive days, surging 65% to HK$0.39, after days of selling.
Elsewhere, Man Wah (01999) bounced 7% to HK$13.18 after the company issued positive profit alert. The local stock market closes from Friday through Monday. It resumes trading on Tuesday.
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