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.Monday, 20 May, 2013, 4:18am
"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 to April, proves wrong?20 May 2013 - 4:18am
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.21 May 2013 - 9:04am
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.9 May 2013 - 4:39am
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.14 Feb 2013 - 4:53am
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.
They said financial regulators were giving priority to the implementation of the qualified domestic individual investors (QDII2) scheme, which could spark a multibillion-yuan outflow into the city's market.25 Jan 2013 - 4:56am
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 Huafeng's chairman for HK$2.49 billion.19 Jan 2013 - 5:12am
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.19 Jan 2013 - 3:31am
The Mandatory Provident Fund (MPF) enjoyed its best returns since 2009 last year, but could not beat the Hang Seng Index.
The 453 retirement funds, which cover the city's 2.5 million employees, returned on average 12.07 per cent, swinging into the black from an average loss of 8.42 per cent in 2011 and improving on a 7.18 per cent gain in 2010.4 Jan 2013 - 8:32am
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.
According to the median estimate of 13 strategists and fund managers polled by the South China Morning Post, the Hang Seng Index is likely to rise to 24,500 points by the end of next year.29 Dec 2012 - 4:58am
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 to date.20 Dec 2012 - 3:19am
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 Morning Post shows.13 Dec 2012 - 4:57am
Guoco Group's share price jumped 30.6 per cent to HK$92.05 yesterday, the highest level in over 15 months, after the Hong Kong-listed firm announced its privatisation.
Trading was heavy, with 4.49 million shares changing hands.13 Dec 2012 - 5:01am
Hong Kong stocks rose to a 16-month high on speculation the US central bank may decide to more than double the size of its monthly bond purchases, which could draw more hot money into the city's equity market.
The Hang Seng Index added 179.41 points, or 0.8 per cent, to finish at 22,503.35 yesterday, the highest since August last year.13 Dec 2012 - 4:49am
Peter Woo Kwong-ching, the chairman of Wheelock & Company and Wharf Holdings, has also been steadily increasing his shareholdings in Wheelock, a ports-to-property conglomerate. Between August last year and October this year, he spent about HK$434 million on Wheelock shares.
Based on its current share price, he would have reaped more than HK$190 million in unrealised profits.10 Dec 2012 - 2:28am