Hong Kong Market rises in shortened session

The Hong Kong stock market ended higher in the holiday-shortened session on Thursday, 24 December 2015, as investor sentiment was boosted by rally in U.S. equities overnight amid a reprieve in the recent plunge of oil prices. The benchmark index opened up 167 points at 22,207 and gradually pared its gains as the Shanghai market softened and failed the 3,600 level. The benchmark Hang Seng Index advanced 97.54 points, or 0.44%, to 22138.13 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, added 70.26 points, or 0.71%, to 9953.21 points. The HSI Volatility Index (VHSI), which measures the cost of options on the Hong Kong equity gauge, fell 4.5% to 18.33points, suggesting 5.3% swing in the equity benchmark index in the next 30 days. Hong Kong markets closed at midday, and will be closed on Friday for Christmas.

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