Hong Kong market ends higher

The Hong Kong stock market closed higher in quiet trade on Friday, 31 July 2015, as investors took heart from less volatile share moves in the mainland. However, gains were limited as the Shanghai Composite index finished in negative territory for the second straight session and on the back of negative factors such as an uninspiring lead from the U.S. overnight and weak commodity prices. The benchmark opened 152 points higher but fell 30 points at one stage in afternoon session on weakened Shanghai market, which recovered its losses by late trade. The benchmark index fell around 2% on the week and slumped 6.1% for the month of July, its biggest monthly loss since September 2014.

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