Buying by directors surged after falling for four straight weeks, while selling plunged during the holiday-shortened week of May 13 to 16, based on filings with the Hong Kong stock exchange.
- Thu
- Oct 3, 2013
- Updated: 5:03pm
"Sell in May and go away." Will this be the year that the old investment adage, arising from a long-run statistical underperformance of stocks from May to October versus the period from November...
BYD shares rose as much as 6.3 per cent to HK$35.35 before closing 3.46 per cent ahead at HK$34.40. The stock has gained 48 per cent so far this year.
The shares fell as much as 7.3 per cent in the morning before closing at HK$10.38, down 4.8 per cent on a day when the Hang Seng Index rose 0.86 per cent.
Hong Kong stocks could open the Year of the Snake on a bullish note as Asian markets rose after US corporate earnings sent the Dow Jones Industrial Average to a five-year high.
Beijing will soon issue a new rule governing individual mainland investors' direct investments in Hong Kong stocks, according to two people with knowledge of the plan.
Opinion
The Hong Kong share price of Huafeng Group Holdings rose 8 per cent yesterday, after the loss-making blanket maker announced it would acquire a mainland tea producer controlled by the family of...
The Hang Seng Index yesterday rose to its highest level since June 2011 after the mainland's economic growth beat expectations, raising prospects for the world's second-biggest economy.
The Mandatory Provident Fund (MPF) enjoyed its best returns since 2009 last year, but could not beat the Hang Seng Index.
Hong Kong stock prices will will see growth in the low teens next year amid ample liquidity and a recovery on the mainland, say market players.
Analysts predict the Hang Seng Index will rise further in the next few months, after it hit a 16-month high.
The benchmark rose 128.64 points to 22,623.37 yesterday, up 22.7 per cent year...
Hong Kong's largest electricity supplier, CLP, is raising up to HK$7.687 billion through a placement of new shares to fund its investment needs in the city, a term sheet seen by the South China...
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