Wednesday 13 August 2014

HSI swinging on high and lows, Lenovo 1.4% down, Tencent and Ping shed 0.3%


Shares in Hong Kong (HK) markets played short deals on Wednesday, as some shares grew a little and others shrunk a little. The trend of fluctuations started with the benchmark index, HSI (Hang Seng Index) which opened 0.1 percent higher continued for most of the listed shares. 
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HSI opened 0.1 percent higher, expanded to its intra-day high at 25,796.19 surged by 9.79 percent at 1032 hours HKT. In the trade today, HSI dealt flat after decline at 0.23 percent compared opening script of the day. 

Lenovo Group Limited, one of the top computer manufacturers, lost 1.4 percent today after soaring at 3.6 percent yesterday. Stocks of the Chinese computer developer gained attention from top financial firms of the world including Deutsche Bank and JP Morgan as they increased the following price mark of the company at the rate of 0.6 percent.

Tencent Holdings Limited, biggest e-commerce firm in the Chinese land, fell over 0.2 percent breaking its 3-day winning streak. Insurance major Ping An Insurance Group Company climbed 0.3 percent on support from hiked premium income of the company of 24 percent. Mainland's benchmark index, Shanghai Composite Index traded flat lowered by 0.69 percent.

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