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Hong Kong: Shares end firmer despite mainland tumble

Thursday, January 28, 2016 - 16:12
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Hong Kong stocks rallied Friday, ending a volatile month on a high, after Japan announced a surprise negative interest rate policy, effectively charging banks to store their cash in a bid to kickstart lending in the country.

[HONG KONG] Hong Kong shares were firm on Thursday despite renewed panic selling on the mainland.

The Hang Seng index rose 0.8 per cent, to 19,195.83, while the China Enterprises Index gained 0.9 per cent, to 8,028.58 points.

Among the most actively traded stocks on Hong Kong's main board were Hangfat Ginseng, down 91.4 per cent to HK$0.03; CCT Land, down 4.0 per cent to HK$0.02 and Jun Yang Financial, down 2.1 per cent to HK$0.05.

Total trading volume of companies included in the HSI index was 2.0 billion shares.

REUTERS