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H-Shares Rebound; Banks, Oil Lead
The Hang Seng Index increased 1.02% to close at 21,677.98 on January 19, in main board trading volume of HK$73.46 billion.
Shares of mainland banks extended yesterday's rally. Shares of Bank of China(BoC) (3988.HK, 601988.SH) increased 4.07%, China Construction Bank (CCB) (601939.SH, 0939.HK) closed 4.05% higher, Industrial and Commercial Bank of China (ICBC) (1398.HK, 601398.SH) grew 3.06% and Bank of Communications (BoCom) (3328.HK, 601328.SH) expanded 1.01%.
Oil shares tracked a rebound in oil futures prices in the United States, Sina reports. Shares of PetroChina (0857.HK, NYSE:PTR, 601857.SH) increased 1.70%, China National Offshore Oil Corp. (CNOOC) (0883.HK) gained 1.49%, and China Petroleum & Chemical Corporation (Sinopec) (0386.HK, NYSE:SNP, 600028.SH) closed 1.67% higher.
Shares of Orient Overseas International (0316.HK) soared 6.21%, after the company signed with CapitaLand China Investment to sell its wholly owned subsidiary Orient Overseas Real Estate Group for $2.2 billion, focus.cn reported January 18.
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