Hong Kong Stocks gain for fifth day

The Hong Kong stock market finished the week with a fifth successive gain on Friday, 12 May 2017, as investor sentiment lifted by tracking strength in Mainland bourses and continuous inflows from mainland China. Sector performance was mixed, with materials and utility shares falling, while IT stocks firmed. The Hang Seng Index rose 0.12 per cent, or 30.79 points, to 25,156.34 - its highest finish since the end of July 2015. The China Enterprises Index gained 0.2 percent, to 10,282.65 points. For the week, the Hang Seng gained 2.8 percent, while HSCE rose 2.6 percent. Turnover decreased to HK$75.1 billion from HK$81.6 billion on Thursday.

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