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Hong Kong: Stocks pull back from 20-month high

Friday, April 28, 2017 - 16:34

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[SHANGHAI] Hong Kong's benchmark stock index eased on Friday from the previous session's 20-month high that was aided by continuous money inflows from mainland China.

The Hang Seng index fell 0.3 per cent, to 24,615.13, while the China Enterprises Index lost 0.4 per cent, to 10,219.89 points.

For the week, the Hang Seng was up 2.4 per cent, while the HSCE gained 1.8 per cent.

On Friday, Chinese investors used roughly 14.2 of the daily quota buying Hong Kong stocks via the Shanghai-Hong Kong Stock Connect, compared with just 6.1 per cent in the other direction.

Sector performance was mixed.

Materials and industrial shares rose, while financials and property shares fell.

REUTERS

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