The Hong Kong stock market closed session at fresh 19-month high on Monday, 20 March 2017, building on last week's rally after the Federal Reserve flagged a slower pace of interest rate rises this year and as Chinese investors pumped in more funds into the local market on optimism over earnings and dividend payouts. The gains were led by energy and tech shares, but an index tracking mainland properties tumbled, after China stepped up real estate curbs in a number of cities, and vowed to restrict lending to the sector.
The Hang Seng index rose 0.8 per cent, to 24,501.99, while the China Enterprises Index gained 0.7 per cent, to 10,583.98 points. Turnover decreased slightly to HK$97.8 billion from HK$121.3 billion on Friday.
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