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Home >> Business
UPDATED: 19:45, March 13, 2007
Hong Kong stocks drop on profit-taking
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Hong Kong shares dropped 109.28 points, or 0.56 percent, to close Tuesday's trading at 19,333.14, mainly due to profit-taking.

Turnover shrank further to 42.3 billion HK dollars ( 5.4 billion U.S. dollars) from 47.7 billion on Monday. Heavyweight HSBC edged down 0.3 percent to 137.1 HK dollars, China Mobile fell 1.6 percent to 68.75 HK dollars. HSI new member China Life and ICBC also dipped 1.83 percent and 1.58 percent to close at 21.45 HK dollars and 4.36 HK dollars, respectively.

Property counter were mixed. Sino Land dropped two percent to 16. 74 HK dollars after winning two plots of land in a land auction here Tuesday. New World was a tick higher at 18.48 HK dollars, Cheung Kong inched down 1.3 percent to 94.1 HK dollars, SHKP put on 0.3 percent to 89.75 HK dollars.

China mainland stocks were also weak, with H-share index ending down 83 points at 9,268. New members of H-share index closed mixed. China Comm Cons dipped 0.33 percent to 9.12 HK dollars, CM Bank edged down 0.87 percent to 15.9 HK dollars, China Comservice was down 0.59 percent to 5.07 HK dollars, but China Coal rose 0.85 percent to 7.10 HK dollars. (One U.S. dollar equals 7.8075 HK dollars)

Source: Xinhua


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