Hong Kong shares end up

Comment on this story
HongKong111

Hong Kong - Hong Kong shares finished higher on Monday, with strong gains coming from Chinese financial and energy firms.

The Hang Seng Index closed up 0.3 percent at 24,600.08 points.

The China Enterprises Index of the leading offshore Chinese listings in Hong Kong climbed 1.0 percent.

China's big four banks all rose, tracking gains in their mainland listings.

CITIC Securities was the top percentage winner on the H-share index with a jump of 6.9 percent.

Haitong Securities also climbed 5.7 percent.

Chinese brokerages were encouraged by comments from the country's top securities regulator at its weekly news conference on Friday that it would continue to support their innovative business development.

The regulator is also working on new measures to improve securities firms' effective use of capital, the official China Securities Journal newspaper reported on Monday.

China Shenhua Energy rose 1.9 percent as it raised prices of steam coal on Friday after cutting prices seven times within less than two months.

China Coal spiked 6.2 percent and Yanzhou Coal 5.6 percent. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.