Hong Kong’s Hang Seng Index Soars 1.7% on March 6
Xinhua News Agency, Hong Kong, March 6 – The Hang Seng Index in Hong Kong surged on Monday, rising by 275.45 points, or 1.7%, to close at 16438.09 points. The main board transaction volume for the day was recorded at HK$102.377 billion.
The state-owned enterprise index also saw gains, rising by 110.24 points to close at 5672.97 points, an increase of 1.98%. The Hang Seng Technology Index followed suit, rising by 88.68 points to close at 3412.57 points, an increase of 2.67%.
Among the blue-chip stocks, Tencent Holdings saw a 2.39% increase to close at HK$274.6; Hong Kong Exchanges and Clearing rose by 2.05% to close at HK$238.6; China Mobile climbed 1.8% to close at HK$68.05; while HSBC Holdings saw a modest 0.75% increase to close at HK$60.5.
Local stocks also saw movement, with Cheung Kong Holdings rising by 0.7% to close at HK$35.85; Sun Hung Kai Properties falling by 0.63% to close at HK$78.8; and Henderson Land remaining steady at HK$21.9.
In the Chinese financial sector, Bank of China rose by 1.64% to close at HK$3.1; China Construction Bank rose by 0.83% to close at HK$4.84; Industrial and Commercial Bank of China increased by 1% to close at HK$4.03; Ping An of China rose by 1.91% to close at HK$34.6; and China Life saw a 1.95% increase, closing at HK$9.43.
Petroleum and petrochemical stocks also experienced movement, with China Petroleum & Chemical Corporation rising by 1.16% to close at HK$4.37; China National Petroleum Corporation remaining steady at HK$6.07; and China National Offshore Oil increasing by 0.48% to close at HK$16.74.
Overall, the Hang Seng Index showed strong performance on March 6, reflecting positive market sentiment and investor confidence.