HK stocks closed weaker on Friday in narrow trade yet increased turnover. The blue-chip index opened up 63 points to 26,532 and briefly rose 95 points to a day high of 26,564. The index then moved lower and touched a day low of 26,410 (down 58 points) in the afternoon trade.
The Hang Seng Index ended down 33 points or 0.1% to 26,435. The H-share index fell 9 points or 0.1% to 10,375. Turnover increased to HK$94.4 billion from HK$70.6 billion on Thursday.
Investors parked funds on public utilities amid uncertainties. CLP Holdings (00002) gained 2.6% to HK$81.9. It was the best performing blue chip. HK & China Gas (00003) edged up 0.5% to HK$15.62. Power Assets (00006) nudged up 0.3% to HK$52.95.
Blue chips were mixed. HSBC (00005) rose 0.5% to HK$60. HKEX (00388) was steady at HK$230.2. Tencent (00700) softened 0.2% to HK$337.6. China Mobile (00941) dipped 0.3% to HK$64.6. AIA (01299) dipped 1.4% to HK$75.45.
Shenzhou International (02313) sank 3.9% to HK$104 becoming the worst blue-chip loser after its shareholders placed 31.7 million shares at a 6% discount. Other sportswear players were also weaker. Li Ning (02331) shed 1.3% to HK$22.1. ANTA Sports (02020) slipped 0.9% to HK$63.95. Xtep (01368) declined by 1.1% to HK$4.63. China Dongxiang (03818) retreated 2.4% to HK$0.83.
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