Hong Kong Market extends losses

The Hong Kong share market closed down on Friday, 20 September 2019, as risk sentiments were downbeat amid lingering worries that anti-government protests could add pressure on the city island's economy. At closing bell, the Hang Seng Index declined 0.13%, or 33.28 points, to 26,435.67. The Hang Seng China Enterprises Index sank 0.09%, or 9.70 points, to 10,375.65. The Hang Seng Index dropped 3.4% for the week.

Blue chips were mixed. HSBC (00005) rose 0.5% to HK$60. HKEX (00388) was steady at HK$230.2. Tencent (00700) softened 0.2% to HK$337.6. China Mobile (00941) dipped 0.3% to HK$64.6. AIA (01299) dipped 1.4% to HK$75.45.

 

Sportswear players were also weaker. Shenzhou International (02313) sank 3.9% to HK$104 after its shareholders placed 31.7 million shares at a 6% discount. Li Ning (02331) shed 1.3% to HK$22.1. ANTA Sports (02020) slipped 0.9% to HK$63.95. Xtep (01368) declined by 1.1% to HK$4.63. China Dongxiang (03818) retreated 2.4% to HK$0.83.

Shares of public utilities companies gained on safe heaven demand amid uncertainties. CLP Holdings (00002) gained 2.6% to HK$81.9. HK & China Gas (00003) was up 0.5% to HK$15.62. Power Assets (00006) nudged up 0.3% to HK$52.95.

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