PRODUCT PROFILE

Latest Dublin Prices

NAME
LATEST
CHANGE
Aer Lingus 1.42 0.02 more
BoI 0.32 0.02 more
CRH 17.71 0.17 more
Glanbia 11.22 0.01 more
Greencore 0.64 -0.02 more
Ind. News 0.12 0.01 more
Ryanair 7.61 0.15 more

 

Hong Kong shares rise for 7th day

Wednesday, July 30 09:17:10

Hong Kong's benchmark index climbed to fresh 3-1/2-year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings.

The Hang Seng Index rose for the seventh straight day to end 0.4 percent up at 24,732.21 points. It was last at these levels in November 2010. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong slipped 0.03 percent.

Hong Kong's property sub-index climbed to a 14-month high with Cheung Kong Holdings and Sun Hung Kai Properties leading the rise.

Cheung Kong, whose first-half results are due on Thursday, rose more than 3 percent to a record high before trimming gains to end 2.2 percent up. Sun Hung Kai rose 3.2 percent to its highest close since March 2013.

Morgan Stanley this week revised up its forecasts for Hong Kong's home prices this year to a 5 percent gain from a 10 percent drop. (Reuters)

For more visit: www.businessworld.ie