February 20, 2018 / 6:55 AM / 9 months ago

RPT-Hong Kong stocks inch up after Lunar New Year break, H-shares ease

(Repeating to add Named Item code)

* Hang Seng index edges up 0.1 pct

* China Enterprises index HSCE eases 0.2 pct

* HSI financial sub-index falls 0.3 pct; property up 0.1 pct

HONG KONG, Feb 20 (Reuters) - Hong Kong’s benchmark Hang Seng index edged up at midday on Tuesday as the city’s markets reopened after the Lunar New Year holiday, while the index of China’s H-shares index fell. ** By lunch break, the Hang Seng was up 36.22 points or 0.12 percent at 31,151.65. The Hang Seng China Enterprises index slid 0.18 percent to 12,512.92. ** The Hang Seng sub-index that tracks energy shares rose 0.4 percent while the IT sector rose 0.97 percent. The financial sector was 0.29 percent lower, while the property sector edged up 0.09 percent. ** The top gainer on Hang Seng was Geely Automobile Holdings Ltd , up 3.74 percent, while the biggest loser was Sino Land Co Ltd, down 2.57 percent. ** Around the region, MSCI’s Asia ex-Japan stock index was flat percent while Japan’s Nikkei index was down 0.9 percent. ** As of the previous trading session, the Hang Seng index was up 4 percent this year, while China’s H-share index was up 7.1 percent. ** The top gainers among H-shares were Guangzhou Automobile Group Co Ltd up 4.02 percent, followed by Air China Ltd gaining 3.12 percent, and Dongfeng Motor Group Co Ltd 2.62 percent. ** The three biggest H-shares percentage decliners were China Merchants Bank Co Ltd, which was down 1.31 percent, CITIC Securities Co Ltd which fell 1.1 percent and Industrial and Commercial Bank of China Ltd down by 1.0 percent. ** About 1.17 billion Hang Seng index shares were traded, roughly 37.8 percent of the market’s 30-day moving average of 3.10 billion shares a day. ** The price-to-earnings ratio of the Hang Seng index was 14.13 as of the last full trading day while the dividend yield was 2.8 percent. ** The short and one-factor leveraged Hang Seng index, which is designed to replicate the payoff of a short or leveraged portfolio and is linked to the movements of the Hang Seng Index, was lower by 0.11 percent on the day at 4,707.81 points. (Reporting by Donny Kwok; Editing by Richard Borsuk)

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