AGL 38.18 Decreased By ▼ -0.22 (-0.57%)
AIRLINK 142.98 Increased By ▲ 7.98 (5.91%)
BOP 5.07 Decreased By ▼ -0.02 (-0.39%)
CNERGY 3.77 Decreased By ▼ -0.02 (-0.53%)
DCL 7.56 Decreased By ▼ -0.03 (-0.4%)
DFML 44.48 Increased By ▲ 0.03 (0.07%)
DGKC 76.25 Decreased By ▼ -1.15 (-1.49%)
FCCL 26.95 Increased By ▲ 0.07 (0.26%)
FFBL 52.00 Decreased By ▼ -0.97 (-1.83%)
FFL 8.52 Decreased By ▼ -0.02 (-0.23%)
HUBC 125.51 Increased By ▲ 1.71 (1.38%)
HUMNL 9.99 Increased By ▲ 0.05 (0.5%)
KEL 3.74 Increased By ▲ 0.01 (0.27%)
KOSM 8.15 Increased By ▲ 0.07 (0.87%)
MLCF 34.75 Increased By ▲ 1.05 (3.12%)
NBP 58.71 Increased By ▲ 0.22 (0.38%)
OGDC 154.50 Increased By ▲ 4.55 (3.03%)
PAEL 25.15 Increased By ▲ 0.45 (1.82%)
PIBTL 5.93 Increased By ▲ 0.08 (1.37%)
PPL 118.31 Increased By ▲ 6.66 (5.97%)
PRL 24.38 Increased By ▲ 0.48 (2.01%)
PTC 12.00 Decreased By ▼ -0.10 (-0.83%)
SEARL 56.00 Decreased By ▼ -0.89 (-1.56%)
TELE 7.05 Increased By ▲ 0.05 (0.71%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 6.98 Decreased By ▼ -0.07 (-0.99%)
TREET 13.98 Decreased By ▼ -0.18 (-1.27%)
TRG 46.10 Decreased By ▼ -0.13 (-0.28%)
UNITY 26.00 Decreased By ▼ -0.08 (-0.31%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 8,822 Increased By 86.7 (0.99%)
BR30 26,723 Increased By 466.7 (1.78%)
KSE100 83,532 Increased By 810.2 (0.98%)
KSE30 26,710 Increased By 328 (1.24%)

HONG KONG: China stocks rebounded in the noon session on Tuesday as investors looked forward to an upcoming high-profile Shanghai forum announcing further market-friendly measures.

The China Securities Regulatory Commission (CSRC) will unveil capital market-related policy measures at the Lujiazui Forum this Saturday, the securities watchdog said during a media briefing on Tuesday, raising hopes of further supportive policies.

Property stocks led the gains with CSI 300 Real Estate Index and Hong Kong-listed mainland property developers advanced 2.5% and 2.6%, respectively.

Citi analysts said they expect the property sector to “re-rate” as recent policy measures reflect a “clearer top-level determination to stabilize the property industry with all-round policy turnaround and to accelerate the sector soft-landing.

At the close, the Shanghai Composite index was up 0.41% at 3,091.20. The blue-chip CSI300 index was up 0.75%, with its financial sector sub-index higher by 0.52%, the consumer staples sector up 0.76%, and the healthcare sub-index up 1.73%.

The smaller Shenzhen index ended up 0.45% and the start-up board ChiNext Composite index was higher by 1.327%.

In Hong Kong, the Hang Seng index was up 41.07 points or 0.22% at 18,444.11. The Hang Seng China Enterprises index rose 0.34% to 6,554.32.

The sub-index of the Hang Seng tracking energy shares dipped 2%, while the IT sector rose 0.7%, the financial sector ended 0.39% lower and the property sector rose 1.05%.

Around the region, MSCI’s Asia ex-Japan stock index was weaker by 1.41%, while Japan’s Nikkei index closed down 0.22%.

Comments

Comments are closed.