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H-Shares Expand; Mainland Banks, Oil Stocks Leap
Posted by: Kiki.yang on May 10 2010
The Hang Seng Index increased 2.54% to close at 20,426.64 on Monday, May 10, in main board trading turnover of HK$70.95 billion. The Hang Seng China Enterprises Index grew 2.97%.
Banking and insurance big cap stocks provided much upward strength Monday... |
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CNOOC Pays $3.1b, Closes Latin American JV
Posted by: Ana Swanson on May 05 2010
China National Offshore Oil Corporation (CNOOC) (NYSE:CEO, 0883.HK) has completed the formation of a 50/50 joint venture with Bridas Energy Holdings' oil and gas exploration and production subsidiary Bridas Corporation, the companies announced May 5... |
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Hang Seng Index Continues Slump, Dips Under 21,000
Posted by: Tom Telford on Apr 28 2010
The Hang Seng Index extended Tuesday's losses with a 1.47% fall to close at 20,949.4 on Wednesday, April 28, in main board trading volume of HK$63.68 billion.
Food-related stocks slumped. Mengniu Dairy (2319.HK) achieved net profit of RMB 1.12 billion in 2009, compared with a net loss of RMB 948.6 million in the previous year, the company announced today... |
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Hang Seng Drops 1.5%, Broad Losses Across Sectors
Posted by: Sarah Wu on Apr 27 2010
The Hang Seng Index declined 1.51% to close at 21,261.79 on April 27, in main board trading volume of HK$60.26 billion.
Heavyweight financial stocks dragged on the index. China Life Insurance (NYSE:LFC, 2628.HK, 601628.SH) and China Merchants Bank (3968.HK, 600036.SH) each lost 2.17%, Industrial and Commercial Bank of China (ICBC) (1398.HK, 601398.SH) and HSBC (NYSE:HBC, LON:HSBA, 0005.HK) lost 1.86% and 1.81%, respectively, and China Construction Bank (0939.HK, 601939.SH) fell 1.56%... |
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Mainland Companies Weigh Hong Kong to 2% Decline
Posted by: Kiki.yang on Apr 19 2010
The Hang Seng Index fell 2.1% to close at 21,405.17 on April 19, in main board trading volume of HK$76.52 billion. The Hang Seng China Enterprises Index, which tracks mainland-based companies listed in Hong Kong, fell 2.42%.
Real estate developers with mainland China projects weighed heavily on the index, after China's State Council announced that banks may refuse mortgages to prospective home buyers that already own two homes... |
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CNOOC Announces New Bohai Discovery
Posted by: Ana Swanson on Apr 19 2010
China National Offshore Oil Corporation (CNOOC) (NYSE:CEO, 0883.HK) has made a new discovery, Penglai 9-1 in the east of Bohai Bay, China's largest offshore oil and gas production base, CNOOC announced April 19... |
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H-Shares Inch Down; Auto, Miners Pull Down
Posted by: Tom Telford on Apr 13 2010
The Hang Seng Index declined 0.16% to close at 22,103.53 on Tuesday, April 13, in main board trading volume of HK$73.78 billion.
Geely Auto (0175.HK) reported total sales of 30,249 vehicles in March, up 25.6% year-on-year and 5.4% month-on-month, bringing the company's sales for the quarter to 102,838 units, up 68.0% year-o-n-year... |
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Hang Seng Surpasses 22,000 in Heavier Volume
Posted by: Ana Swanson on Apr 09 2010
The Hang Seng Index rose 1.56% to close at 22,208.16 on Friday, April 9, while the Hang Seng China Enterprises Index was up 1.5%. Main board trading volume increased to HK$75.21 billion.
Telecom stocks soared on news that China plans to expand its investment in the 3G mobile standard to RMB 400 billion by 2011... |
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H-Shares Follow Overseas Markets Lower, Property Weighs
Posted by: Ana Swanson on Apr 08 2010
The Hang Seng Index fell 0.28% to close at 21,867.07 on Thursday, April 8, in main board trading volume of HK$70.15 billion. The Hang Seng China Enterprises Index fell 1.02%.
Greentown China Holdings (3900.HK) sunk 4.57%, as property companies reversed a multi-day bull run... |
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H-Shares Bolt Following 5-Day Break, Near 22,000
Posted by: Ana Swanson on Apr 07 2010
The Hang Seng Index increased 1.72% to close at 21,908.33 on Wednesday, April 7, the market's first day of trading since April 1, while the Hang Seng China Enterprises Index climbed 2.27%. Main board trading volume swelled to HK$65.7 billion, as investors rushed to catch up with gains made in other markets during Hong Kong's five-day holiday break... |
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H-Shares Tack on 1.4%, CNOOC Seeks Acquisitions
Posted by: Sophia Fu on Apr 01 2010
The Hang Seng Index increased 1.4% to close at 21,537 on Thursday, April 1, in main board trading volume of HK$69.32 billion. The Hang Seng China Enterprises Index outperformed, climbing 2.41%. The Hong Kong Exchange will be closed on April 2, 5 and 6 for Easter weekend and Tomb Sweeping day, Sina reports... |
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H-Shares Dip Despite Mainland Bank Gains
Posted by: Sophia Fu on Mar 31 2010
The Hang Seng Index decreased 0.63% to close at 21,239.35 on Wednesday, March 31, in main board trading volume of HK$67.06 billion. The Hang Seng China Enterprises Index dropped 0.13%.
Bank of Communications (3328.HK, 601328.SH) shares rose 4.4% on Wednesday, after the company beat analyst estimates by announcing 2009 net profit of RMB 30.12 billion, up 5.59% year-on-year... |
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CNOOC, BG Group Ink 20-Yr Natural Gas Deal
Posted by: Sijia Xie on Mar 25 2010
China National Offshore Oil Corporation (CNOOC) (NYSE: CEO, 0883.HK) has signed a 20-year contract to purchase liquefied natural gas (LNG) from British natural gas company BG Group (LON:BG) at a volume of 3.6MT per annum, the companies jointly announced March 24... |
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H-Shares Edge Down in Slim Trading
Posted by: Tom Telford on Mar 18 2010
The Hang Seng Index fell 0.24% to close at 21,332.75 on Thursday, March 18, as main board trading volume shrunk to HK$48.08 billion.
Red-chip stocks tugged at the index in both directions, following mixed earnings releases... |
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CNOOC Plans $3.1b Latin American JV
Posted by: Tom Telford on Mar 15 2010
China National Offshore Oil Corporation (CNOOC) (0883.HK, NYSE: CEO) has proposed to invest $3.1 billion in Bridas Energy Holdings' oil and gas exploration and production subsidiary Bridas Corporation to form a 50-50 joint venture, according to a CNOOC announcement on March 15... |
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