• Fri
  • Dec 26, 2014
  • Updated: 7:47pm

Hang Seng Index

Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.

Equities at the ready in Hong Kong

Equities at the ready in Hong Kong

Giulia Liu, a retiree in her late 50s, got burned trading stocks last year. She put HK$1.6 million into the local market, trading individual shares with a focus on small-caps, and lost 60 per cent of her money when markets dived on the euro-zone crisis.

Monday, 22 October, 2012, 1:54am

Film company bid to raise cash creates selling wave

Dennis To Yu-hong (left) plays Ip Man in The film is produced by National Arts, which hopes to raise more than HK$325 million. Photo: SCMP

Shares of National Arts Holdings, a film producer and distributor, plunged 30.2 per cent at one stage yesterday on news it would price a rights issue at 10 HK cents per share - a discount of 81 per cent to Thursday's close.

20 Oct 2012 - 3:14am

Huijin's vow powers rush into Hong Kong stocks

Central Huijin, in addition to its stake in Industrial and Commercial Bank of China, also controls other mainland lenders. Photo: Bloomberg

The Hong Kong share market rose yesterday to its highest level since May 3 as investors flocked into mainland-related stocks on speculation that Beijing may have more market-boosting measures in the pipeline.

14 Oct 2012 - 1:07pm

Chinalco Mining to slash share offering

Chinalco Mining, a unit of Aluminum Corp of China (Chinalco), may slash its up to US$1 billion initial public offering in Hong Kong by more than half as it faces lacklustre demand for new shares amid the global downturn.

Chinalco Mining - the nation's largest smelter of aluminium - was close to launching a global share offering to raise between US$800 million and US$1 billion in May.

11 Oct 2012 - 3:03am

Shares of retailers sold down on weak holiday sales

Mainland shoppers have changed their spending pattern, going for more affordable items rather than expensive ones. Photo: Dickson Lee

Shares of retailers, especially gold and jewellery sellers, fell yesterday, the first day after the "golden week" holiday on the mainland, amid concerns that retail sales during the period had been much weaker than expected.

The Hong Kong Retail Management Association said it had revised expected sales growth for the period to 5 per cent from 8 per cent.

9 Oct 2012 - 3:01am

Parkview Group surges 45pc on new asset hopes

Parkview Group surges 45pc on new asset hopes

Share prices of Hong Kong-listed developers partly owned by mainland firms soared yesterday.

The Hong Kong Parkview Group shot up 45.27 per cent to HK$5.07 as the Hang Seng Index rose 0.5 per cent to close at 21,012.38 points, a five-month high.

6 Oct 2012 - 10:06am

Stanchart shares falters on Temasek sell-off move

Standard Chartered Bank shares fell the most in seven weeks yesterday after news that its largest shareholder, Singaporean wealth fund Temasek, is looking to divest its holding.

26 Sep 2012 - 2:41am

Swire plans HK$10b office tower project in Quarry Bay's Taikoo Place

Swire Properties chief executive Martin Cubbon. Photo: Dickson Lee

Swire Properties says plans to turn three industrial buildings in Quarry Bay's Taikoo Place into two grade A office towers will cost HK$10 billion in construction costs alone and could be the company's biggest investment in a project in a decade.

The announcement of the investment cost came as shares declined on a surprise stock placement by its ultimate controlling shareholder.

15 Aug 2012 - 1:54am

Then & now: all that glisters …

A black marketeer sells silver dollars in Nanking, modern-day Nanjing, in April 1949. Photo: Corbis

Silver played a vital role in the transfer of wealth from migrant to impoverished ancestral village, writes Jason Wordie.

 

31 Aug 2012 - 11:44pm

Stimulus hopes drive market rebound

The Hong Kong stock market put in its best performance in nearly three months yesterday, on investor expectations that China, the US and Europe will stimulate their flagging economies.

The benchmark Hang Seng Index rose 73.83 points, or 0.37 per cent, to 20,072.55, the highest level since May 10. Analysts are divided on how the market will perform in the coming weeks.

15 Aug 2012 - 11:11pm

U.S. jobs data lifts markets in Asia

The Hang Seng Index may settle above the 20,000-point level in the coming weeks after Friday's US jobs data sent stock markets soaring across Asia yesterday.

15 Aug 2012 - 11:07pm

Hang Seng School maintains record of producing the most high-fliers

The Hang Seng School of Commerce kept up its seven-year record of producing the most top scorers in the A-levels, with three of its students bagging six As and 11 getting five.

30 Jun 2012 - 12:00am

Stocks head for further losses

President Hu Jintao's expected package of incentives to lift the local market is unlikely to result in any lasting boost to stocks, which are expected to slide further amid a weaker economic outlook.

On the mainland, investors who hope regulators will step in and put a floor under falling benchmarks will also feel disappointed, with any rally expected to be short-lived.

26 Jun 2012 - 12:00am

Rate cut hurts the banking sector

Hong Kong and mainland stock markets fell yesterday, undermined by banking stocks which lost ground in response to the news that the People's Bank of China had cut rates for the first time since 2008.

The fall in the banking stocks more than cancelled out gains by developers and power companies.

9 Jun 2012 - 12:00am

Bad news inspires actors

News reports have depicted Sheung Shui in a poor way recently. At the start of the year parallel traders competed with local mothers in the New Territories town to buy stocks of powdered milk formula. The huge demand was sparked by continuing health fears over mainland-produced milk. Also, a psychiatric patient killed a security guard there in January.

25 May 2012 - 12:00am