Mainland stocks edge up

CONTINUED consolidation and generally anaemic volume in mainland B markets contributed to an overall uneventful week for the Peregrine Greater China Index, which gained 0.2 per cent in US dollar terms.

Hongkong-listed China play stocks traded within a narrow band, save for the likes of Guangzhou Investment, which rose sharply towards week's end. In New York, Brilliance China was scaled back 3.6 per cent.

The Peregrine Greater China Index has 30 components, including all B shares listed in Shanghai and Shenzhen. Ten companies listed in Hongkong that have or derive at least 20 per cent of their sales, assets or earnings from China, and New York-listed China Brilliance are also included.