Hong Kong's Hang Seng rises for 14th day to record closing high
Friday, 12 January 2018 15:49 WIB | MARKET UPDATE |HANG SENGSaham Hong KongHang Seng China EnterprisesIndeks Hang Seng

Hong Kong's Hang Seng Index ended trading at a record high on Friday, after rising for 14 consecutive days in the longest ever winning streak that reflects sustained investor optimism even after a bumper 2017.

Market sentiment was buoyed by signs of concerted global economic recovery, as well as a resurgence in index heavyweight Tencent, which jumped about 3 percent.

At close of trade, the Hang Seng index was up 292.15 points or 0.94 percent at 31,412.54. The Hang Seng China Enterprises index rose 1.41 percent to 12,468.93.

The sub-index of the Hang Seng tracking energy shares rose 1.8 percent while the IT sector rose 2.27 percent, the financial sector was 1.07 percent higher and property sector dipped 0.19 percent .

The top gainer on the Hang Seng was Ping An Insurance Group Co of China Ltd up 3.41 percent, while the biggest loser was Wharf Real Estate Investment Company Ltd which was down 3.14 percent.

Source: Reuters

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