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Budget News

  • Hong Kong Market ends softer
  • June 01,2023  17:01
  • Hong Kong share market finished volatile session slightly lower on Thursday, 01 June 2023, extending yesterday's losses, as losses in finance and properties stocks were more than offset by gains in utilities and commerce & industries stocks.

    Market beat remained lackluster following the release of China's weak manufacturing data which signaled that the nation's recovery from zero COVID is faltering.

    At closing bell, the benchmark Hang Seng Index was down 17.36 points, or 0.1%, to 18,216.91. The Hang Seng China Enterprises Index dropped 13.70 points, or 0.22%, to 6,149.64.

    Among blue chips, Alibaba Group lost 0.8% to HK$77.30. Developer Longfor tumbled 3.7% to HK$14.50 and peer Country Garden lost 2.8% to HK$1.40. Macau casino operator Sands China slid 2.2% to HK$24.80 while Galaxy Entertainment retreated 1.5% to HK$47.80, as a rebound in gaming revenue failed to boost sentiment. Tencent surged 1.5% to HK$315.40 and Baidu advanced 1.8% to HK$121.60. JD.com surged 3.3% to HK$130 while Meituan climbed 2.4% to HK$112.80.

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"1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
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