Friday 2 February 2018

Hong Kong stock is the worst week in two months

Hong Kong stock is the worst week in two months
Hong Kong's Hang Seng Index closed with a slight decline on Friday, but its biggest weekly loss in two months, as the increase in bond yields began to fluctuate in global equity.

Close to trade, the Hang Seng index closed down 40.31 points or 0.12% at 32,601.78. Hong Seng China Enterprises Index rose from 0.78% to 13,538.66
For the week, Hang Seng dropped the biggest weekly fall in two months, 1.7%.

The sub-index of Hong Seng tracking energy increased by 4.5%, while IT sector declined by 0.91%, the financial sector was 0.18% lower and the property sector declined by 0.51%.

The top gain on Hang Seng was AAC Technologies Holdings Inc. with 7.6%, while the biggest loss was China Merchants Port Holdings Limited which was down 5.29%.

China's main Shanghai Composite index closed up 0.46% at 3,462.9372 points, while its blue-chip closed at the CS3,300 index at 0.61%.

Yuan's figure was quoted at 6.2753 per US dollar 08:13 GMT, which was 0.34% stronger than previous closure of 6.2965.

The percentage of the three largest H-Shares was Haneng Power International Inc., which was below 0.60%, Dongfeng Motor Group Company Limited 0.5% and Bank of China Limited fell 0.4%.

About 2.65 billion Hong Seng index stocks were traded, approximately 104.6% of market average 30 days running is 2.53 billion shares a day. The turnover in the last trading session was 2.85 billion.

Almost, China's A-shares were trading on Hong Kong-listed H-shares at a premium of 30.84%.

The Hang Seng Index value-to-earning ratio was 14.87 as the last full trading day, whereas the yield of the dividend was 2.7%.

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