[ET Net News Agency, 24 January 2020] Hong Kong stocks closed lower on Friday in quiet
trade on a holiday-shortened session. The benchmark index opened up 26 points or to 27,935
and then dipped 134 points to the day low of 27,774. It recovered all of its losses and
rose 68 points at one stage, touching the day high of 27,977.
The Hang Seng Index ended up 40 points or 0.1% to 27,949 The H-share index rose 23
points or 0.2% to 10,976. Half-day turnover decreased to HK$47.3 billion from HK$57.4
billion on Thursday.
The local stock market closes this afternoon and on 27-28 January for the Chinese New
Year holidays. It resumes trading on Wednesday (29 January).
Blue chips were little moved but Chinese telecom operators saw buying orders. HSBC
(00005) slipped 0.3% to HK$58.75. HKEX (00388) added 0.7% to HK$271.4. Tencent (00700)
edged up 0.1% to HK$385.8. AIA Group (01299) nudged up 0.2% to HK$83. China Mobile (00941)
gained 2.5% to HK$69.7. China Unicom (00762) advanced 0.9% to HK$6.8. China Telecom
(00728) climbed 0.3% to HK$3.16.
Property counters were mixed. Hang Lung Properties (00101) put on 1.6% to HK$17.98.
Wharf REIC (01997) rose 0.5% to HK$44.65. CK Assets (01113) inched down 0.1% to HK$53.4.
Sun Hung Kai Properties (00016) softened 0.2% to HK$115.7. Link REIT (00823) slipped 0.5%
to HK$81.6. Henderson Land Development (00012) dipped 0.3% to HK$37.05. New World
Development (00017) fell 0.2% to HK$10.56. (KL)