HK Stocks Have Modest Rebound
Source: Xinhua |
September 2, 2009, Wednesday
|
Print Edition
Print Edition
HONG Kong stocks staged a modest rebound of 0.75 percent yesterday to close at 19,872.30, tracking a recovery in Chinese mainland's stock market. Turnover for the day fell sharply to HK$54.75 billion (US$7.07 billion) from Monday's HK$67.32 billion.
Analysts said it is still too early to say whether the blue-chip index has bottomed since falling 5.7 percent from its year high of 21,074 on August 11. They added that the index will find significant resistance at the 20,000-point level, given the volatility in Chinese markets.
All four major categories gained ground, with utilities rising most at 1.66 percent, property companies 1.11 percent, finance companies 0.78 percent and commerce and industry improving 0.49 percent.
Analysts said it is still too early to say whether the blue-chip index has bottomed since falling 5.7 percent from its year high of 21,074 on August 11. They added that the index will find significant resistance at the 20,000-point level, given the volatility in Chinese markets.
All four major categories gained ground, with utilities rising most at 1.66 percent, property companies 1.11 percent, finance companies 0.78 percent and commerce and industry improving 0.49 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
