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Markets Print edition: 2021-12-31

HK shares inch up in thin trade

Published Updated
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BEIJING: Hong Kong shares ended slightly higher on Thursday, led by gains in healthcare firms and blue-chip technology stocks, as investors shied away from big moves in holiday-thinned trading.

At the close of trade, the Hang Seng index was up 25.47 points, or 0.1%, at 23,112.01. The Hang Seng China Enterprises index fell 0.03% to 8,096.44.

The subindex of the Hang Seng tracking healthcare stocks closed 1.1% higher, but the energy sector dipped 1%.

The top gainer on the Hang Seng was WuXi Biologics Inc, which jumped 2.92%.

Heavyweight tech shares also rebounded from yesterday, with food delivery giant Meituan up 1.1%. The tech sector gained 0.1%.

Wuxi Bio and Meituan were the two biggest point contributors lifting the Hang Seng index on the day.

Hong Kong shares of SenseTime Group, the Chinese artificial intelligence start-up, jumped as much as 23% from its market debut in Hong Kong on Thursday, before closing 7.3% higher.

But mainland property developers listed in Hong Kong lost 0.7%, with Evergrande Group tumbling 9.1% after the embattled real estate developer failed to pay certain offshore coupons due earlier this week.

The Shanghai Composite index was up 0.6% at 3,619.19 points. The blue-chip CSI300 index was up 0.8%, its best daily performance since Dec. 9.

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