Wednesday, 31 January 2018 15:55 WIB |
MARKET UPDATE |HONGKONGHANG SENG
Hong Kong stocks reversed earlier losses to end higher on Wednesday, posting its best month in nearly three years, helped by gains for financial and services firms.
At close of trade, the Hang Seng index was up 279.98 points or 0.86 percent at 32,887.27. The Hang Seng China Enterprises index rose 1.29 percent to 13,561.65. For the month, HSI was up 9.9 percent, marking the fourth straight month of gains and its best since April 2015.
The sub-index of the Hang Seng tracking energy shares dipped 0.9 percent while the IT sector rose 0.48 percent, the financial sector was 1.32 percent higher and property sector rose 0.09 percent.
The top gainer on Hang Seng was WH Group Ltd up 4.41 percent, while the biggest loser was China Resources Power Holdings Co Ltd which was down 1.77 percent.
China™s main Shanghai Composite index closed down 0.19 percent at 3,481.5094 points while its blue-chip CSI300 index ended up 0.48 percent.