HSI extends gain for third day

The Hong Kong stock market rallied for third straight session on Monday, 13 July 2015, on tracking gain in Mainland China markets. Sentiments were also aided by reports that Greece has reached an agreement with its creditors over the reforms needed to start talks for a third bailout in five years and remain in the euro. The benchmark opened 191 points lower and saw its losses widen to 300 points. Later on, the local market got a boost from the mainland A-share market. The Hang Seng Index rallied 322.73 points or 1.3% to finish at 25224.01 points, off an intra-day low of 24596.44. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 145.28 points, or 1.23%, to 12003.83 points. Turnover reduced to HK$180 billion from HK$212 billion on Thursday.

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