Update | Hang Seng index closes at four-month high, mainland China markets also gain

Hang Seng closes up 0.17 per cent at 23,525.14, while Hong Kong television broadcasters TVB and I-Cable Communications give up early gains

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The Hang Seng Index closed up 0.17 per cent or points at 23,525.14 while the Hang Seng China Enterprises Index advanced 1.2 per cent, its highest level since November 2015, to 10,075.17 at the close on Thursday. Photo: David Wong

Published: 9:15am, 9 Feb 2017Updated: 10:07pm, 9 Feb 2017

Hong Kong’s main stock index closed at a four month high on Thursday while mainland Chinese shares saw their highest closing in two months on rallies in the industrial and construction materials sectors, and after the Nasdaq Composite Index saw its record high close on Wednesday night, driven by a tech rally.

The Hang Seng Index closed up 0.17 per cent or points at 23,525.14 while the Hang Seng China Enterprises Index advanced 1.2 per cent, its highest level since November 2015, to 10,075.17 at the close on Thursday.

Belle International led gains on the Hong Kong bourse, rising 5.33 per cent to HK$5.34 at the close.

Construction stocks and industrial shares gained ground on news of mainland authorities’ supply-side reforms.

Hong Kong’s main television broadcaster TVB jumped as much as 6 per cent in early morning trade, but soon gave up much of its gains and traded at HK$30.3 at noon, up 2.2 per cent. The company said Wednesday night that it received “a conditional cash partial offer” from TLG Movie & Entertainment Group to buy a 29.9 per cent stake. But TVB also said there’s “no certainty the plan will materialise into a credible offer”.

The Hong Kong broadcaster closed up 3.2 per cent at HK$30.6 after a volatile day of trading on Thursday.

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.css-sioo19{color:#c79a00;}Update | Hang Seng index closes at four-month high, mainland China markets also gain

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Hang Seng closes up 0.17 per cent at 23,525.14, while Hong Kong television broadcasters TVB and I-Cable Communications give up early gains

Update | Hang Seng index closes at four-month high, mainland China markets also gain

Hang Seng closes up 0.17 per cent at 23,525.14, while Hong Kong television broadcasters TVB and I-Cable Communications give up early gains