2018年4月24日星期二
 
專家論市
Martin Hennecke

HSI rises again on cross-border funds
 
11/01/2018
 
Hong Kong stocks extended their winning streak to a 12th day yesterday. At the close of trade, the Hang Seng index was up 62 points or 0.2 percent at 31,073. The Hang Seng China Enterprises index rose 0.27 percent to 12,289, .

The top gainer was Country Garden Holdings (2007) which was up 6.81 percent, while the biggest loser was Link REIT (0823) which was down 2.96 percent.

One-third of the daily quota under the Shanghai-Hong Kong Stock Connect was used up, as Chinese investors continued to buy Hong Kong shares at a steady pace.

At the close, China's A shares were trading at a premium of 27.27 percent over Hong Kong-listed H shares.

So far this year, the Hang Seng index is up 3.65 percent, while China's H share index is up 4.7 percent.

Meanwhile, China shares extended their rally yesterday to close at the highest in seven weeks, climbing for a ninth straight session, led by banking and consumer stocks.

China's producer prices rose at their slowest pace in 13 months in December, as the government's war against winter smog dented factory demand for raw materials. The country's consumer inflation accelerated less than expected to 1.8 percent in December from 1.7 percent previously. At the close, the Shanghai Composite index was up 8 points or 0.24 percent at 3,422.

The blue-chip CSI300 index was up 0.45 percent, with its financial sector sub-index higher by 0.83 percent, the consumer staples sector up 1.28 percent, the real estate index up 0.17 percent and healthcare sub-index down 0.28 percent.

The smaller Shenzhen index ended down 0.33 percent and the start-up board ChiNext Composite index was down 0.7 percent. Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.41 percent while Japan's Nikkei index closed down 0.26 percent.

China's Kweichow Moutai has topped LVMH Moet Hennessy Louis Vuitton SE in market capitalization as the most valuable stock on Bloomberg Intelligence's Global Luxury Goods Top Peers Index.

Moutai's market value on Tuesday edged ahead of LVMH's as shares of the distiller surged after the company said it is raising the price of its fiery baijiu product, Flying Fairy, for the first time in five years.

About a fourth of LVMH's revenue was from the United States and a quarter from Asia in 2016, while 95 percent of Moutai's sales were in the local market.

Reuters and Bloomberg

上一篇新聞 : Banks post solid 2017 profit growth
 

 

 
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