TC

27/09/2016 16:11

HSI ends up 253 pts at 23,571; turnover at HK$64.7bn

    Hong Kong stocks closed higher on Tuesday following the first round of presidential debate between Donald Trump and Hillary Clinton. The Hang Seng Index opened up 38 points to 23,356. After an early volatility, the index then built on its rally, and briefly soared 328 points in afternoon trade.
  The HSI ended up 253 points or 1.1% to 23,571. The H-share index rose 117 points or 1.2% to 9,746. Turnover was virtually unchanged at HK$64.7 billion compared to HK$64.6 billion on Monday. The closing auction session registered turnover of HK$2.66 billion.
  The northbound quota balance of the "Shanghai-HK Connect" program was RMB13.222 billion, surpassing the daily allowed quota of RMB13 billion. It meant the sell trade value was
larger than buy order value. The southbound quota balance was RMB6.907 billion, accounting for 65.8% of the daily allowed quota of RMB10.5 billion.
  Li & Fung (00494), which revenues mostly came from the US market, shot up 4% to HK$4.04 after the presidential debate, which opinion poll suggest Clinton outperformed Trump. The stock was the top blue-chip winner today.
  Nomura forecast Macau's gross gaming revenues growth of 4-5% in September, but it worries the trend is unsustainable. Sands China (01928) jumped 3% to HK$33.3. Galaxy Entertainment (00027) and Melco International (00200) put on 2% and 3% to HK$28.9 and HK$10.16.
  Mainland lenders followed the market rebound. ICBC (01398) and ABC (01288) climbed 2% to HK$4.97 and HK$3.41. CCB (00939) added 1% to HK$5.86.
  Market heavyweights were all higher. Tencent (00700), HSBC (00005) and HKEx (00388) gained 1% to HK$215.8, HK$58.1, and HK$205.4.
  Sunac China (01918) gained 2% to HK$5.93 after the company placed 453 million shares to its chairman at a 7% premium for HK$2.8 billion.

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