Home » Hong Kong stocks rose 0.47% on the 1st and closed at 16589.44 points – Xinhuanet Client

Hong Kong stocks rose 0.47% on the 1st and closed at 16589.44 points – Xinhuanet Client

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Hang Seng Index Rises on March 1st

Hong Kong’s Hang Seng Index saw a positive trend on March 1st, closing at 16589.44 points, with a rise of 0.47% or 78.0 points. The total transaction volume for the day on the main board was recorded at HK$121.832 billion.

State-owned enterprise index also witnessed a rise of 0.9%, with an increase of 50.96 points to close at 5728.84 points. The Hang Seng Technology Index also showed growth, closing at 3488.13 points with an increase of 1.66% or 56.83 points.

Among the blue-chip stocks, Tencent Holdings rose by 0.07% to close at HK$277.4, while Hong Kong Exchanges and Clearing dipped by 1.15% to close at HK$240. China Mobile also saw a decrease of 0.46% to close at HK$65.5, while HSBC Holdings rose by 1.58% to close at HK$61.2.

In terms of Hong Kong local stocks, Cheung Kong Holdings fell by 1.38% to close at HK$35.65, while Sun Hung Kai Properties saw an increase of 0.63% to close at HK$79.45. Henderson Land, on the other hand, fell by 0.88% to close at HK$22.4.

Among Chinese financial stocks, Bank of China and China Construction Bank remained stable, closing at HK$3.08 and HK$4.88 respectively. Industrial and Commercial Bank of China rose by 0.25% to close at HK$4.05, Ping An of China increased by 0.57% to close at HK$35.3, and China Life fell by 0.1% to close at HK$9.64.

Lastly, in the petroleum and petrochemical sector, China Petroleum & Chemical Corp. stayed steady at HK$4.33. PetroChina saw a decrease of 0.97% to close at HK$6.11, while China National Offshore Oil rose by 0.5% to close at HK$16.16.

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Overall, the day ended on a positive note for the Hang Seng Index with various sectors showing mixed trends in the Hong Kong stock market.

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