TC

28/08/2015 11:08

HSI ends up 110 pts at 21,948; midday; T/O at HK$60.4bn

    HK stocks closed firmer on Friday morning session after the Dow registered the largest two-day gains of 6.3% since 2008. The Hang Seng Index (HSI) opened up 585 points at 22,424, which marked the intra-day high, and pared most of its gains afterwards.
  By midday, the HSI ended up 110 points or 0.5% to 21,948. The H-share index rose 10 points or 0.1% to 9,874. Half-day turnover increased to HK$60.4 billion from HK$56 billion on Thursday.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB12.019 billion, accounting for 92.5% of the daily allowed quota of RMB13 billion. By 11:32 a.m., the southbound quota balance was RMB10.3 billion, accounting for 98.1% of the daily allowed quota of RMB10.5 billion. 
  Bankcomm (03328) was the top blue-chip loser. It ended down 3% to HK$5.74.
  Crude oil surged more than 10% overnight, triggering rally of oil majors. Sinopec SSC (01033) shot up 9.6% to HK$2.41. China Oilfield (02883) jumped 5% to HK$8.45. Kunlun Energy (00135) swelled 6.7% to HK$5.59. It was the best blue chip performer.
  But aviation players were pressured on rising fuel cost. Air China (00751) plunged 6% to HK$5.64. China East Air (00670) slid 4.3% to HK$4.21. 

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