The Hang Seng Rises 1.08% Encouraged by Real Estate Companies

The Hang Seng Rises 1.08% Encouraged by Real Estate Companies

The benchmark index of the Hong Kong stock exchange, the Hang Seng, closed today with gains of 1.08% in a session encouraged by real estate titles.

The selective added 257.99 points to 24,254.86, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, rose 1.58%.

All the sub-indices closed positive: Finance (0.3%), Services (0.41%), Trade and Industry (1.49%) and Real Estate (2.1%).

In the latter, the best returns were those of the developer Country Garden, which gained 3.43%, and its real estate management subsidiary CG Services, which rose 4.52%.

Good session for the digital giants; Alibaba, revalued 2.32%; Tencent, 1.2%, and Meituan, 0.73%.

It was also positive for financial titles such as China Merchants Bank (2.39%) or the insurer China Life (1.5%).

Among the minority of companies that registered losses in the Hang Seng today were the banking giant HSBC (-0.44%).

Mixed sign between Chinese state oil companies. Petrochina rose 0.85% and Cnooc fell 0.13%, a situation that was repeated with the telephone operators China Unicom (+0.52%) and China Mobile (-0.11%).

The trading volume for the session was HK $ 125,180 million (US $ 16,054 million, EUR 14,182 million).

Bruce Dorminey
I'm a science journalist and host of Cosmic Controversy (brucedorminey.podbean.com) as well as author of "Distant Wanderers: the Search for Planets Beyond the Solar System."  I primarily cover aerospace and astronomy. I’m a former Hong Kong bureau chief for Aviation Week & Space Technology magazine and former Paris-based technology correspondent for the Financial Times newspaper who has reported from six continents. A 1998 winner in the Royal Aeronautical Society's Aerospace Journalist of the Year Awards (AJOYA), I’ve interviewed Nobel Prize winners and written about everything from potato blight to dark energy. Previously, I was a film and arts correspondent in New York and Europe, primarily for newspaper outlets like the International Herald Tribune, the Boston Globe and Canada's Globe & Mail. Recently, I've contributed to Scientific American.com, Nature News, Physics World, and Yale Environment 360.com. I'm a current contributor to Astronomy and Sky & Telescope and a correspondent for Renewable Energy World. Twitter @bdorminey