HONG KONG, Dec 29 (Reuters): Hong Kong shares finished higher on Monday,
underpinned by a positive outlook on markets in both the mainland and
overseas.
The Hong Kong market has been falling behind others during the past month and investors are back chasing gains.
Analysts said investors were buying Hong Kong listings of A-H dual-listed stocks on Monday as share prices are far cheaper than their mainland counterparts, causing the A-H share premium index to narrow.
The Hang Seng index rose 1.8 per cent, to 23,773.18 points, posting its biggest single-day gain since November. The China Enterprises Index gained 4.0 per cent, to 12,019.75 points, reaching its highest level since February 2013.
Total trading volume of companies included in the the HSI index was 2.1 billion shares
The Hong Kong market has been falling behind others during the past month and investors are back chasing gains.
Analysts said investors were buying Hong Kong listings of A-H dual-listed stocks on Monday as share prices are far cheaper than their mainland counterparts, causing the A-H share premium index to narrow.
The Hang Seng index rose 1.8 per cent, to 23,773.18 points, posting its biggest single-day gain since November. The China Enterprises Index gained 4.0 per cent, to 12,019.75 points, reaching its highest level since February 2013.
Total trading volume of companies included in the the HSI index was 2.1 billion shares
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