Hong Kong shares close highest in 15 months

Home>>Business

Last updated at: (Beijing Time) Thursday, September 25, 2003

Hong Kong shares close highest in 15 months

Hong Kong shares closed sharply up Wednesday, posting a new 15-month high on expectations of increased inflows from foreign investors.

DISCUSSION

CHINESE

SEND TO FRIEND

Hong Kong shares closed sharply up Wednesday, posting a new 15-month high on expectations of increased inflows from foreign investors.

The blue-chip Hang Seng Index jumped 351.53 points, or 3.2 percent, to 11295.89, its biggest one-day gain since a 3.6 percentrise on April 29, and fluctuated between 11298.96 and 11008.43 during trading.

Of the four sub-indices, Finance, Utilities, Properties, Commerce & Industry rose 1.88 percent, 0.59 percent, 7.18 percent and 3.87 percent, respectively.

Trading volume was 19.81 billion HK dollars (2.54 billion US dollars), well above Tuesday's 10.47 billion HK dollars (1.34 billion dollars) and setting a new three-year high.

Developer Sun Hung Kai Properties surged to a new 52-week high of 63.75 HK dollars (8.17 dollars), with a trading volume of 1.91 billion HK dollars (248 million dollars), the company's record high since August 1998.

SmarTone also soared 11.3 percent to 11.85 HK dollars (1.52 dollars).

Questions?Comments? Click here

US slandering China as narcotics producer is groundless ( 3 Messages)

China trains government spokespersons ( 2 Messages)

Foreigners see social graces and disgraces in China ( 8 Messages)

Chinese tourists' unsocial behavior sparks concern at home ( 7 Messages)

Chinese Premier calls for improvement of rural education ( 2 Messages)