PT Rifan Financindo Berjangka - Hong Kong shares ended a half-day holiday session higher on Tuesday, Dec. 24, boosted by mainland buying and optimism about further economic support measures.
The Hang Seng Index jumped 1.08%, or 215.16 points, to close at 20,098.29. The Hang Seng China Enterprises Index gained 1.25%, or 90.07 points, to 7,303.92.
Mainland Chinese investors continued their buying spree in Hong Kong shares for the sixth straight day, with net inflows of HK$5.23 billion on Tuesday, according to Bloomberg data. Their net investment this year has hit a record HK$786 billion.
“China’s economy is recovering slowly, so there will be more policy support from the government next year,” Zheshang International analyst Shen Fanchao was quoted as saying by the South China Morning Post.
Hong Kong financial markets will be closed tomorrow and the day after for the Christmas holiday and will reopen on Friday, December 27.
In corporate news, Hong Kong shares of Cosco Shipping (HKG:1919, SHA:601919) closed nearly 4% higher after its Cosco Shipping Lines unit agreed to buy a 12% stake in Cosco Shipping Logistics and Supply Chain Management. PT Rifan Financindo Berjangka.
Source: Bloomberg
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