Hang Seng Index closes slightly higher on March 4th
Xinhua News Agency, Hong Kong – On March 4th, Hong Kong’s Hang Seng Index closed slightly higher, rising 6.53 points or 0.04% to end at 16595.97 points. The total transaction volume on the main board for the day was HK$106.867 billion.
However, the state-owned enterprise index fell by 0.28% to close at 5712.83 points, and the Hang Seng Technology Index also saw a decrease of 0.38%, closing at 3474.77 points.
Some notable movements in blue-chip stocks included Tencent Holdings falling 0.43% to close at HK$276.2, while China Mobile rose 2.14% to close at HK$66.9. HSBC Holdings fell 0.9% to close at HK$60.65, and the Hong Kong Stock Exchange remained unchanged at HK$240.
Among Hong Kong local stocks, Cheung Kong Holdings rose by 3.09% to close at HK$36.75, and Sun Hung Kai Properties saw a 1.7% increase, closing at HK$80.8. Henderson Land had no significant movement, closing at HK$22.4.
In Chinese financial stocks, Bank of China remained steady at HK$3.08, while China Construction Bank and Industrial and Commercial Bank of China fell by 0.61% and 0.74% respectively. Ping An of China and China Life also saw a decline in their stock prices.
In the petroleum and petrochemical sector, Sinopec rose by 1.15% to close at HK$4.38, PetroChina rose by 1.8% to close at HK$6.22, and China National Offshore Oil saw a significant increase of 3.34%, closing at HK$16.7.
(Source: Xinhua News Agency)