The index of state-owned enterprises rose 286 points at noon and hit nearly 10-month highs.

Source: Internet
Author: User
Keywords Stock price good Hong Kong dollar
Tags asset asset management close enterprises high higher index it is
Hong Kong and China have both hit new highs this morning, state-owned enterprises index still run to win the market, in the composition of the rally support, the rift opened nearly 150 points after repeated higher, a breakthrough before the double top resistance, see 11,499 Point of 10-month high, noon to close 11,433, 286 points, or 2.57 %, the turnover was enlarged to HK $12.205 billion. When Asset management believes that the atmosphere has improved, but together with the past 4th, the city has been tired up more than 2000 points, coupled with the deal is still not strong, the material rising power will weaken, it is difficult to hope to rush to 20,000 points.  Technically, however, a breakthrough in the country's meaning of the city, if validated, means that a new wave of rising waves has just begun. Constituent stocks are generally well built, car stocks are still the goal of capital chasing, Dongfeng Group (0489-HK) rose 6.65%, set a new 52-week high, June-Wei Motor (0203-HK) 3.66%, Great Wall Motor (2333-HK) and Brilliance China (1114-HK) rose 8.42% and 0.95%  Geely Motor (0175-HK) rose 6.91%. The economic cycle Sensitive Unit also continued to have buying support, China Ocean (1919-HK) rose 5.65%, CSCL Development (1138-HK) and CSCL (2866-HK) rose 3.75% and 2.26%.  Expectations of a recovery in the industry, and low valuations to attract funds to speculate on the shares, Citigroup first gave the Chinese ocean-going bid a rating of HK $12.75 and the target price of HK $11.85. The mainland a-share innovation high positive insurance stocks investment income, China Ping ' an (2318-HK) 5.22%, Zhong (2628-HK) and the Chinese insurance (2328-HK) rose 3.73% and 3.34%. Bank shares also support the big city, China Merchants Bank (3968-HK) rose 3.43%, Construction Bank (0939-HK) rose 3.24%, Citic Bank (0998-HK) and Bank of Communications (3328-HK) rose 2.7% and 1.93%, ICBC (1398-HK) and Bank of China (3988  -HK), lesser, rose only 1.89% and 1.36%. Housing shares by Beijing and Shanghai to speed up the impact of pressure on prices, the capital of the real estate (2777-HK) fell 0.47%, Sino-Ocean Land (3377-HK) and China Resources Land (1109-HK) fell 2.02% and 2.29%, then the red chips share the first decline.  Franshion Real Estate (0817-HK) and China Overseas (0688-HK) fell 1.1% and 0.58%. China Telecom (0728-HK) June CDMA Boarding Volume innovation high, the stock price rose 3.13%. China Unicom (0762-HK) rose 2.13%, while Goldman Sachs cautioned against lower prices in the short term, indicating that share prices have reflected positive factors. Mobile (0941-HK) Rose 1.63%.
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