综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Shares up on oil plays

(China Daily HK Edition)
Updated: 2006-12-01 09:36

Hong Kong blue chips reclaimed the 19,000 level before easing slightly to gain 1 per cent yesterday after China Mobile rebounded belatedly while China Construction Bank and other mainland banks extended their rally.

Oil stocks led the index of Hong Kong-listed mainland companies, or H shares, up 1.7 per cent to more than recoup Tuesday's sharp losses. Resource stocks rose across the board as investors believe crude prices had bottomed and a weak US dollar was seen heralding higher commodity prices.

The benchmark Hang Seng index hit an intraday high of 19,033.4 before closing at 18,960.48, up 179.55 points. The index is still below its 14-day moving average following Tuesday's sharp pullback. The China Enterprises index of H shares ended at 8,546.60.

The day's turnover was HK$46.7 billion (US$5.9 billion) compared with Wednesday's HK$50 billion.

"All the end-of-the world Tuesday losses are now gone," said Anthony Lok, research director at BOCI Research Ltd. "We'll consolidate around these levels, but the 20,000 level will be difficult to breach."

Others said the market would maintain its uptrend as long as funds stay in the region.

"The most important factor is liquidity flow," said Renault Kam, director at Atlantis Investment Management. "So far, I don't see a big outflow of funds even though the market dropped more than 500 points on Tuesday."

China Mobile, the biggest boost to the blue chips, jumped 1.7 per cent to HK$65.4, after failing to recover with other blue chips on Wednesday.

Fixed-line operator China Telecom climbed nearly 3 per cent to HK$3.58 in heavy trade, extending Wednesday's gains and ahead of the Hong Kong IPO of its sister company China Communications Services, which raised the size and price range of its share sale last week, according to a term sheet.

PetroChina, the biggest lift to the H shares, chased higher crude prices to surge 3.1 per cent to HK$9.9, having earlier set a new high.

The top Chinese oil and gas producer also said yesterday that it hoped to find more than 300 billion cubic metres (bcm) of new proven natural gas reserves in 2007.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
柳江县| 张掖市| 札达县| 沾化县| 万全县| 团风县| 冀州市| 稻城县| 时尚| 怀远县| 宿迁市| 托里县| 蓬安县| 常州市| 宜昌市| 郑州市| 安泽县| 镇原县| 上杭县| 垣曲县| 绥芬河市| 双鸭山市| 绥江县| 雷山县| 花莲县| 蚌埠市| 宿迁市| 隆尧县| 南平市| 涞水县| 婺源县| 武宣县| 尉氏县| 犍为县| 黎城县| 海口市| 襄城县| 海安县| 墨玉县| 化隆| 厦门市|