Hong Kong stocks ease

28 May, 2019

Hong Kong stocks eased on Monday, as investors stayed on the sidelines awaiting hints of further policy support to offset impacts of US-China trade war and cooling domestic demand, amid worries about the economy.
At the close of trade, the Hang Seng index was down 65.84 points, or 0.24%, at 27,288.09. The Hang Seng China Enterprises index fell 0.41% to 10,402.76.
The biggest loser on the Hang Seng was Want Want China Holdings Ltd, which fell 2.41%, while the top gainer was Sino Biopharmaceutical Ltd, rising 6.93%.
The sub-index of the Hang Seng tracking energy shares dipped 0.6%, while the IT sector dipped 0.16%, the financial sector ended 0.04% lower and the property sector dipped 0.21%.
The top gainers among H-shares were China Tower Corp Ltd up 4.17%, followed by Huaneng Power International Inc, gaining 4.12% and CGN Power Co Ltd, up by 3.4%.
The three biggest H-shares percentage decliners were Hengan International Group Company Ltd, which was down 1.73%, PICC Property and Casualty Co Ltd, which fell 1.6% and China Telecom Corp Ltd, down by 1.5%.
About 1.30 billion Hang Seng index shares were traded, roughly 72.9% of the market's 30-day moving average of 1.79 billion shares a day. The volume traded in the previous trading session was 1.73 billion.

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