HK stocks closed higher on Friday in tandem with the US markets overnight but the benchmark index pared early gains afterwards.
The Hang Seng Index ended up 103 points or 0.5% to 22,458. The H-share index rose 119 points or 1.2%to 10,406. Turnover was HK$93.5 billion, similar to HK$93.45 billion on Thursday.
By market close, the northbound quota balance of the "Shanghai-HK Connect" program was Rmb11.131 billion, accounting for 85.6% of the daily allowed quota of Rmb13 billion. The southbound quota balance was Rmb10.559 billion, surpassing the quota of Rmb10.5 billion. It means sell trade value was larger than buy order value.
Market heavyweights were mixed. China Mobile (00941) dipped 1.56% to HK$91.6, while HSBC (00005) nudged up 0.56% to HK$62.65.
Oil majors were higher after oil price rose to a three-month high. CNOOC (00883) put on 3.58% to HK$9.27. PetroChina (00857) gained 2.61% to HK$6.3 and Sinopec (00386) rose 0.74% to HK$5.45.
Local banks gained broadly. BOCHK (02388) shot up 4.29% to HK$25.55, making itself the top blue-chip gainer. BEA (00023) picked up 2.74% to HK$28.15. Hang Seng Bank (00011) increased 0.28% to HK$142.3.
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