Hang Seng Index Falls on May 14th Trading Day
On May 14th, Hong Kong’s Hang Seng Index skilled a 0.22% lower, falling 41.35 factors to shut at 19,073.71 factors. The complete transaction quantity on the primary board for the day was HK$143.085 billion.
The state-owned enterprise index additionally noticed a decline of 0.3%, with a lower of 20.23 factors to shut at 6741.41 factors. In distinction, the Hang Seng Technology Index had a constructive efficiency, rising 0.57% with a 22.76 level enhance to shut at 4041.45 factors.
Blue chip shares confirmed blended outcomes, with Tencent Holdings rising by 0.95% to shut at HK$381.8, whereas China Mobile skilled a slight lower of 0.07% to shut at HK$73.7. HSBC Holdings, however, noticed a major enhance of 1.25% to shut at HK$68.95.
Local shares in Hong Kong additionally confronted losses, with Cheung Kong Holdings falling by 0.71% to shut at HK$35.2, Sun Hung Kai Properties dropping by 0.19% to shut at HK$77.85, and Henderson Land reducing by 0.99% to shut at HK$24.9.
Chinese monetary shares painted the same image, with Bank of China falling by 1.07% to shut at HK$3.69, China Construction Bank reducing by 1.24% to shut at HK$5.56, and Industrial and Commercial Bank of China falling by 1.54% to shut at HK$4.47. Insurance giants Ping An of China and China Life additionally skilled losses, dropping by 2.31% and 1.02% respectively.
In phrases of petroleum and petrochemical shares, China Petroleum & Chemical Corporation fell by 1.37% to shut at HK$5.05, whereas PetroChina and China National Offshore Oil Corporation noticed decreases of 1.05% and a pair of.3% respectively, closing at HK$7.54 and HK$19.54.
The fluctuations within the Hang Seng Index and varied sectors point out a blended buying and selling day for Hong Kong’s inventory market on May 14th. Investors will likely be watching carefully to see how these traits evolve within the coming days.