HSI closes nudge lower

The Hong Kong stock market finished nudge lower in seesaw trading on Friday, 29 May 2015, after yesterday's 626-point drop, triggered by a reported move by China Central Huijin Investment, a unit of China's sovereign-wealth fund, that the company had recently sold some mainland-listed shares and Exchange Traded Funds (ETF) in China's four biggest state-owned banks and other listed financial institutions. The Hang Seng Index ended down 30.12 points or 0.11% to 27424.19, off an intra-day high of 27604.27 and day low of 27255.89. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, dropped 79.19 points, or 0.56%, to 14103.81 points. Turnover reduced to HK$204.77 billion from HK$206 billion on Thursday.

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