Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HENDERSON LAND Once Surges 8.2% After Inclusion in FTSE Real Estate Sub-Index; HENDERSON INV Leaps 15%
Recommend 37 Positive 57 Negative 37 |
||||
|
||||
|
Hong Kong bourse sustained its uptrend from the past two days by opening 174 points higher this morning (5th). At one point, it rallied 257 points to reach 23,911. The latest print showed 23,806, up 152 points or 0.6%, with a turnover of HKD116.511 billion. An agency stated that the sales performance of new property projects in various districts remained promising, cheering up the market. Since May, the HIBOR have radically fallen across the board, with the one-month HIBOR busting below 1% (latest report at 0.7% today), helping to relieve mortgage interest and reduce pressure on banks' funding costs. Hong Kong property developers advanced, with HENDERSON LAND (00012.HK), on ex-dividend today, was included in the FTSE EPRA Nareit Global Real Estate Index Series, effective after the market closes on June 20 (Friday). HENDERSON LAND peaked at HKD25.15 this morning (5th) and last stood at HKD24.6, up 5.81%, with a spike in turnover to HKD383 million. Under the same series, HENDERSON INV (00097.HK) last posted at HKD0.145, up 15.08%, with a turnover of HKD1.234 million. Broker China Galaxy foresaw index-tracking funds to purchase up to 1% of HLD's issued share capital, equivalent to about 11 days of ADT over the past 12 months; and more passive funds to buy HLD shares in the coming weeks, pampering the stock price. Other major developers and landlords were in good shape too, with LINK REIT (00823.HK) slightly up 0.6%; SHK PPT (00016.HK), NEW WORLD DEV (00017.HK), SINO LAND (00083.HK), WHARF REIC (01997.HK), and KERRY PPT (00683.HK) up 1.1-1.6%. CK ASSET (01113.HK) and SWIREPROPERTIES (01972.HK) each leaped 2.2% and 2.9%, HYSAN DEV (00014.HK) shot up 3%, and HANG LUNG PPT (00101.HK) swelled 4%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
