Moscow. December 23. Shares of Chinese companies traded in Hong Kong closed higher on Wednesday amid positive news from the brokers and the rise in oil prices, reports Bloomberg.
The Japanese stock market is closed on 23 December due to the holiday (Emperor’s birthday).
The indicator of shares traded in Hong Kong companies China – Hang Seng China Enterprises – jumped at the end of the session 1.6%, which is the maximum ascent for 3 weeks.
Hong Kong’s Hang Seng index has increased to 0.96%, China’s Shanghai Composite fell 0.4%, the Australian S&P/ASX 200 rose 0.5%.
The securities of oil companies closed higher on Wednesday after rise in oil prices. Share prices of Sinopec and PetroChina in Hong Kong increased to not less than 3.3%, the Australian Woodside Petroleum – 1.1%.
Quotes Chinese brokerage securities companies Guotai Junan International Holdings and Haitong Securities in Hong Kong grew respectively by 8.1% and 2.6%.
Guotai Junan announced that its Chairman of the Board of Directors and chief Executive officer, They Foon returned to work after five weeks of absence. The head of the company participated in the Chinese regulators ‘ investigations of unfair practices of FIS on the stock market.
“The fact that the head of Guotai returned to work, supported the stock brokerage companies,” – notes the analyst Shenwan Hongyuan Group in Hong Kong William Wong.
Meanwhile, Haitong Securities announced the termination of the repurchase program by the company of its own shares declared during the summer downturn in the stock market.
“Chinese regulators pushed the company to repurchase shares during the recession, seeking to support the stock market, says a senior credit analyst at China Merchants Bank in Shenzhen Liu Donlan. But now the market situation has improved, and many brokerage firms no longer intend to use available funds to repurchase shares”.
Paper largest brokerage firm of China Citic Securities rose Monday in Hong Kong 2.5%.