Hong Kong Market end softer

Hong Kong share market closed tad lower on Tuesday, 10 July 2018, as investors elected to book profit after a two-day advance and on caution ahead to the corporate reporting season. At the close, the Hang Seng Index fell 6.25 points or 0.02% to 28,682.25. The Hang Seng China Enterprise index added 56.62 points or 0.53% to 10,824.97. Turnover increased slightly to HK$98.7 billion from HK$98.5 billion on Friday. he sub-index of the Hang Seng tracking energy shares rose 1.4 percent while the IT sector dipped 2.07 percent, the financial sector was 0.38 percent higher and property sector dipped 0.04 percent.

Shares of energy players rose after crude oil prices continued the recent rally, with September Brent futures rising 1.2% to US$78.07/bbl. CNOOC (00883) put on 2.5% to HK$13.04. PetroChina (00857) gained 2.3% to HK$5.86. Sinopec (00386) added 0.9% to HK$7.09.

 

Sunny Optical (02382) slipped 2.1% to HK$142 after China released data showing handset shipment in June fell 12.4% to 36.61 million units.

Q Technology (01478) jumped 1.8% to HK$5.7 after it reported total sales volume of camera modules rose 22% in June.

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