The Hang Seng falls 0.15% despite the advance of Chinese state oil companies

The Hang Seng falls 0.15% despite the advance of Chinese state oil companies

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EFE / EPA / ALEX PLAVEVSKI / Archive
 

Shanghai (China), Jan 13 (EFE) .- The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, closed this Tuesday with losses of 0.15% despite the advance of Chinese oil companies in a day in which investors from the Asian country once again propped up the titles of state firms in the face of US sanctions.
If in the last sessions it was the telephone ones that soared after their exclusion on Wall Street, today it was the turn of Cnooc (+5.48%), Sinopec (+5.03%) and Petrochina (+4.44%) .
At the end of the negotiations, the selective had added 41.15 points to 28,235.6, while the index that measures the behavior of mainland Chinese companies listed on the Hong Kong stock market, the Hang Seng China Enterprises, yielded a 0.29%.
Among the sub-indices, only Commerce and Industry (0.09%) rose, while Real Estate (0.23%), Services (0.24%) and Finance (0.38%) fell.
In this last sector the sign was mixed both between insurers -AIA fell 1.26% while Ping An scored 1.35% – and between banks, where the giants HSBC (1.16%) and ICBC (0, 98%) while others such as Bank of China (+0.37%) posted moderate gains.
Similar was the performance of real estate titles, although in the end they weighed more losses such as Country Garden (2.25%) than the 0.62% advances of Link REIT.
Among the digital giants, Alibaba (+1.73%) and Tencent (+1.02%) shook off some of the losses in recent weeks caused by Beijing’s campaign against alleged monopolistic actions in the sector, but Meituan (- 1.85%) did not suffer the same fate today.
And, after their advances in recent days due to the arrival of funds from mainland China, the prices of the state telephone companies China Mobile and China Unicom fell 1.82% and 0.4%, respectively, today.
The business volume of the session was 202,130 million Hong Kong dollars (26,068 million dollars, 21,378 million euros).

 

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