Hong Kong market jumps 0.46%

The Hong Kong stock market closed modest higher on Thursday, 23 July 2015, on following the gains in Mainland China A-share market as a result of government support and purchases by funds and large shareholders. The benchmark opened firmer and reversed its trend at one point. With the rally of A-share market above the 4,100 level, local sentiment was also boosted. The Hang Seng Index ended up 116.23 points, or 0.46%, to finish at 25398.85 points, off an intra-day low of 25250.36. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, jumped 100.20 points, or 0.85%, to 11834.47 points. Turnover reduced to HK$79.8 billion from HK$81.7 billion on Wednesday.

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