Stocks added but Hang Seng Index lower

Business | Joyce Chen, Samantha Wong andReuters Nov 15, 2017
The Hang Seng Index closed 30 points lower yesterday on HK$100 billion turnover, despite blue-chip Geely Automobile Holdings (0175) climbing 6.4 percent, together with the gain of other Morgan Stanley Capital International stocks.

Pollyanna Chu's Kingston Financial Group (1031) will be included in the MSCI Hong Kong Index, along with Minth Group (0425). No deletions will be made to the index.

The market tracker also added eight new stocks, including China Resources Pharmaceutical Group (3320) and Meitu (1357), to its China index and removed five.

The reviews pushed up prices of some of the new additions. China Resources went up 4.76 percent to HK$9.90 and Nexteer Automotive Group (1316) reached HK$16.28.

The Hang Seng Index fell 0.1 percent to 29,152.12 after data showed the mainland economy cooled further last month.

The China Enterprises Index lost 0.7 percent to 11,601.69 points.

The top gainers among H shares were Air China (0753), up 4.82 percent, followed by Anhui Conch Cement (0914), which gained 4 percent, and Zhuzhou CRRC Times Electric (3898), up 2.21 percent.

The three biggest H-shares percentage decliners were PICC Property & Casualty (2328), which fell 3.69 percent, People's Insurance Group of China (1339), which lost 2.7 percent, and Postal Savings Bank of China (1658), down 2 percent.

China's A-shares were trading at a premium of 29.23 percent over Hong Kong-listed H shares.

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December 2018