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Hong Kong: Higher, led by big 4 banks
by hlk Wed 12 Oct 2011, 07:42
SHARES ended 2.43 per cent higher yesterday, boosted by China's big four banks after Central Huijin Investment, bought huge stakes in them.
The Hang Seng Index gained 430.53 points to end at 18,141.59 on turnover of HK$83.60 billion.
"Huijin's buying can only support the market for a very short period ," an analyst said.
Coal stocks lost ground with Yanzhou Coal Mining down 4.9 per cent to 27.83 yuan and Guizhou Panjiang plunging the daily limit of 10 per cent to 27.16 yuan. - AFP
The Hang Seng Index gained 430.53 points to end at 18,141.59 on turnover of HK$83.60 billion.
"Huijin's buying can only support the market for a very short period ," an analyst said.
Coal stocks lost ground with Yanzhou Coal Mining down 4.9 per cent to 27.83 yuan and Guizhou Panjiang plunging the daily limit of 10 per cent to 27.16 yuan. - AFP
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