TC

23/05/2017 16:11

HSI ends up 11 pts at 25,403; turnover at HK$84.8bn

    HK stocks closed virtually unchanged on Tuesday with the benchmark index rose as much as 95 points to an about 22-month high of 25,486 at one point, but pared gains afterwards.
  The Hang Seng Index ended up 11 points to 25,403. The H-share index also rose 20 points to 10,395. Turnover increased to HK$84.8 billion from HK$81.85 billion on Monday.
  By market close, the northbound quota balance of the "Shanghai-HK Connect" program was Rmb13.272 billion, surpassing the daily allowed quota of Rmb13 billion. It means sell trade value was larger than buy order value. The southbound quota balance was Rmb8.252 billion, accounting for 78.6% of the daily allowed quota of Rmb10.5 billion.
  As for the Shenzhen-HK Connect, the northbound quota balance was Rmb12.338 billion, accounting for 94.9% of the daily allowed quota of Rmb13 billion. The southbound quota balance was Rmb10.179 billion, accounting for 96.9% of the daily allowed quota of Rmb10.5 billion. 
  Market heavyweights were slightly easier. China Mobile (00941) dipped 0.23% to HK$86.25, while HSBC (00005) edged down 0.07% to HK$67.65. Tencent (00700) reversed gains to trade down 0.07% to HK$275.2, after hitting a new record high of HK$280.6. 
  Macau gaming players gained broadly after Nomura forecasted the daily average gaming revenue of Macau in the past week rose 26% from the previous week. Galaxy Ent (00027) shot up 4.01% to HK$42.8, making itself the largest blue-chip gainer. Wynn Macau (01128) gained 3.02% to HK$17.06 while Sands China (01928) rose 1.02% to HK$34.65. Melco Int'l Dev (00200) surged 8.89% to HK$19.6. Its subsidiary is in talks to sell stake in MelcoLot (08198). MelcoLot soared 24.64% to HK$0.43.

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