Home » Hong Kong stocks rose 0.94% on the 27th to close at 16,790.8 points – Xinhuanet Client

Hong Kong stocks rose 0.94% on the 27th to close at 16,790.8 points – Xinhuanet Client

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Hang Seng Index Rises 0.94% to Close at 16,790.8 Points

Xinhua News Agency, Hong Kong – The Hang Seng Index in Hong Kong saw a positive uptick on the 27th of February, closing at 16,790.8 points, marking a 0.94% increase. The main board transaction volume for the day reached HK$102.601 billion.

The state-owned enterprise index also experienced gains, rising 1.46% to close at 5,806.9 points. The Hang Seng Technology Index saw even greater growth, increasing by 3.24% to close at 3,503.17 points.

In a breakdown of blue-chip stocks, Tencent Holdings saw a slight decline of 0.91%, closing at HK$284.6, while Hong Kong Exchanges and Clearing fell by 0.48% to close at HK$250.4. China Mobile, on the other hand, rose by 0.3% to close at HK$67, and HSBC Holdings fell by 0.08% to close at HK$59.65.

Among Hong Kong’s local stocks, Cheung Kong Holdings rose by 0.41% to close at HK$36.65, Sun Hung Kai Properties increased by 1.17% to HK$77.5, and Henderson Land rose by 0.68% to close at HK$22.2.

Turning to Chinese financial stocks, Bank of China rose by 0.64% to close at HK$3.13, China Construction Bank increased by 1.02% to HK$4.94, Industrial and Commercial Bank of China rose by 0.49% to HK$4.1, Ping An of China climbed by 0.68% to close at HK$36.85, while China Life fell by 0.4% to close at HK$9.95.

In the realm of petroleum and petrochemical stocks, China Petroleum & Chemical Corporation fell by 0.45% to close at HK$4.43, PetroChina rose by 0.16% to close at HK$6.2, and China National Offshore Oil Corporation experienced a slight decline of 0.12% to close at HK$16.78.

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Investors and analysts will be closely monitoring these developments as they continue to assess the market trends and potential opportunities for growth in the coming days.

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