ANL 10.41 Decreased By ▼ -0.09 (-0.86%)
ASC 9.01 Decreased By ▼ -0.18 (-1.96%)
ASL 11.07 Decreased By ▼ -0.06 (-0.54%)
AVN 76.90 Increased By ▲ 0.55 (0.72%)
BOP 5.44 No Change ▼ 0.00 (0%)
CNERGY 5.25 Decreased By ▼ -0.02 (-0.38%)
FFL 6.60 Increased By ▲ 0.03 (0.46%)
FNEL 5.85 Decreased By ▼ -0.05 (-0.85%)
GGGL 10.96 Decreased By ▼ -0.12 (-1.08%)
GGL 16.48 Increased By ▲ 0.04 (0.24%)
GTECH 8.63 Increased By ▲ 0.11 (1.29%)
HUMNL 6.82 Decreased By ▼ -0.07 (-1.02%)
KEL 2.86 Decreased By ▼ -0.04 (-1.38%)
KOSM 3.19 Decreased By ▼ -0.01 (-0.31%)
MLCF 25.69 Decreased By ▼ -1.22 (-4.53%)
PACE 2.95 Decreased By ▼ -0.05 (-1.67%)
PIBTL 5.95 Increased By ▲ 0.04 (0.68%)
PRL 17.21 Increased By ▲ 0.32 (1.89%)
PTC 6.97 No Change ▼ 0.00 (0%)
SILK 1.23 Increased By ▲ 0.06 (5.13%)
SNGP 36.41 Increased By ▲ 0.11 (0.3%)
TELE 10.73 Increased By ▲ 0.14 (1.32%)
TPL 9.03 Decreased By ▼ -0.10 (-1.1%)
TPLP 19.70 Decreased By ▼ -0.21 (-1.05%)
TREET 28.60 No Change ▼ 0.00 (0%)
TRG 76.25 Decreased By ▼ -0.05 (-0.07%)
UNITY 19.88 Increased By ▲ 0.03 (0.15%)
WAVES 12.80 Increased By ▲ 0.14 (1.11%)
WTL 1.37 Increased By ▲ 0.01 (0.74%)
YOUW 5.00 Decreased By ▼ -0.07 (-1.38%)
BR100 4,057 Decreased By -34.6 (-0.85%)
BR30 14,907 Decreased By -45.7 (-0.31%)
KSE100 41,103 Decreased By -245.6 (-0.59%)
KSE30 15,635 Decreased By -101.8 (-0.65%)

SHANGHAI: China stocks rose on Thursday as property and coal shares rebounded, after assurances from officials eased worries over the real estate sector.

The CSI300 index rose 0.4% to 4,927.45 points at the end of the morning session, while the Shanghai Composite Index gained 0.5% to 3,603.62 points.

The Hang Seng index dropped 0.3%, to 26,060.26 points. The Hong Kong China Enterprises Index gained 0.3%, to 9,301.90.

** Property firms surged 3.4%, snapping six straight sessions of decline - investors bought the dip.

China stocks rise as strong trade data ease slowdown fears

** More Chinese officials sought to reassure investors and homeowners on Wednesday over a debt crisis afflicting the country's property sector.

** Vice Premier Liu He told the Financial Street Forum in Beijing that overall risks in the property market are controllable, and the property market is on track for healthy development, state media Xinhua reported.

** Financials shares rose more than 2%.

** A sub-index tracking coal stocks jumped 6.3%, following a 7.5% slump in previous session as China vowed to take all necessary measures to bring high coal prices back to a reasonable range.

** In Hong Kong, healthcare and consumption stocks dragged the benchmark.

** The healthcare sub-index and consumer staples shed 2.2% and 1.1%, respectively.

** The real estate sector added more than 2% on assurances from officials.

** However, China Evergrande Group slid as much as 14% in resumed trade on Thursday after a deal to sell a $2.6 billion stake in its property services unit fell through.

** Ping An Insurance Group jumped more than 7%, the biggest intraday gainer on the Hang Seng Index, after it reported net profit for the first three quarters rose more than 30% year on year.

Comments

Comments are closed.