Hong Kong’s Hang Seng Index Rises 0.57% to Close at 16,247.51
On February 20, the Hang Seng Index in Hong Kong saw a rise of 91.9 points or 0.57% to close at 16,247.51 points. The state-owned enterprise index also experienced a 0.63% increase, closing at 5519.23 points, while the Hang Seng Technology Index rose 0.35% to close at 3264.4 points.
In terms of individual stocks, Tencent Holdings fell 0.21%, closing at HK$284.2, while Hong Kong Exchanges and Clearing fell 0.57% to close at HK$244.8. On the other hand, China Mobile rose 0.45% to close at HK$67.7, and HSBC Holdings rose 0.4% to close at HK$62.65.
Local Hong Kong stocks also experienced fluctuations, with Cheung Kong Holdings falling 0.28% to close at HK$35.45, Sun Hung Kai Properties rising 0.91% to close at HK$72.45, and Henderson Land rising 0.95% to close at HK$21.3.
In terms of Chinese financial stocks, Bank of China, China Construction Bank, and Industrial and Commercial Bank of China all saw increases, rising by 1.32%, 1.48%, and 1.53% respectively. Ping An of China, however, fell 0.59% to close at HK$33.75, and China Life rose 1.06% to close at HK$9.57.
Finally, in the petroleum and petrochemical sector, Sinopec rose 1.88% to close at HK$4.34, PetroChina rose 1.37% to close at HK$5.9, and China National Offshore Oil rose 3.32% to close at HK$15.58.
Overall, it was a day of mixed results for the Hong Kong stock market, with some stocks experiencing gains and others facing losses. The main board transaction volume for the day was reported to be HK$76.961 billion.