Arab Today, arab today hong kong shares hit 6 month high
Last Updated : GMT 04:08:59
Arab Today, arab today
Arab Today, arab today

Hong Kong shares hit 6 month high

Arab Today, arab today

Arab Today, arab today Hong Kong shares hit 6 month high

Hong Kong - Arabstoday

Hong Kong stocks jumped 1.54 per cent by the close yesterday, hitting a six-month high after gains on Wall Street led by reports Greece was nearing a deal to avoid defaulting on its massive debt. The benchmark Hang Seng Index added 319.27 points to 21,018.46 on turnover of HK$76.1 billion (Dh35.9 billion), its highest finish since early August. Mainland Chinese developers led the rally after the country\'s central bank announced on Tuesday that banks must provide loans to first-home buyers. China Overseas Land rose 5.3 per cent to HK$15.24 and China Resources Land finished 3.1 per cent higher at HK$13.96, while Evergrande advanced 8.5 per cent to HK$4.08. \"While this does not, strictly speaking, represent policy easing, this high-profile pledge by the [People\'s Bank of China] not only shows that the central government is now relaxed about the property market, but that they are also eager to see liquidity returning to the property market,\" brokerage UOB KayHian said in a note. Oil and gas players also rose with Sinopec up 1.8 per cent to HK$9.45 and Petrochina 2.2 per cent higher at HK$11.86, after China said it would raise petrol and diesel prices. Markets were also buoy-ed by news that a Greek debt restructuring deal had been drafted and may be signed, as a general strike gripped the nation, with demonstrators protesting against unpopular wage and pension cuts. Chinese shares closed 2.43 per cent higher as investors snapped up resources stocks and financial firms, dealers said. The Shanghai Composite Index, which covers A and B shares, gained 55.63 points at 2,347.53 on turnover of 80.9 billion yuan ($12.8 billion). Note of caution Index heavyweights rose sharply during the afternoon session, but analysts sounded a note of caution over the sustainability of the rally, given the lack of monetary loosening by the government. \"The market remains rangebound, with concerns about liquidity balanced by already low valuations,\" Deng Wenyuan, an analyst at Soochow Securities, told Dow Jones Newswires. Copper producers gained, tracking robust prices for the commodity. Jiangxi Copper rose its daily ten per cent limit to 27.28 yuan and Yunnan Copper gained 7.5 per cent to 18.70 yuan. Banks and property developers were also among yesterday\'s biggest gainers. Industrial and Commercial Bank of China rose 1.9 per cent to 4.41 yuan. Developer China Vanke ended up 2.9 per cent at 7.59 yuan.

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong shares hit 6 month high Arab Today, arab today hong kong shares hit 6 month high

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong shares hit 6 month high Arab Today, arab today hong kong shares hit 6 month high

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday