Hang Sen formal wedding dresses g Index finishes 0.41% lower at midday

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Hang Sen formal wedding dresses g Index finishes 0.41% lower at midday
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Hang Seng Index finishes 0.41% lower at middayPublished: 19 Feb 2009 18:25:51 PST

Feb. 19, 2009 (China Knowledge) – Hong Kong stocks slid 53.2 points or 0.41% to end the morning session at 12,962.80 points, with mainboard turnover standing at HK$20.49 billion.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, fell 28.34 points to 7,240.88 points.

Market heavyweight HSBC Holdings Plc<5><HBC>, which accounts for the largest weighting of the Hang Seng Index, slid 1.23% to HK$56.00.

Another market heavyweight China Mobile<941><CHL>, the largest firm by capitalization in the Hong Kong market, fell 2.58% to HK$69.65.

Ping An Insurance<601318><2318> surged 2.44% to HK$35.60 after it posted that its combined premiums of life insurance and property insurance in January increased 23% and 13% year on year, respectively.

PICC Property&Casualty Co Ltd<2328> rose 1.03% to HK$3.89. Top insurer China Life Insurance<601628><2628><LFC> swelled 0.89% to HK$22.65.

Anhui Tianda Oil Pipe Company Ltd<839> sharply surged 27.89% to HK$1.88 after its sales revenue and net profit in 2008 both increased above 60% from a year earlier and hit RMB 2.637 billion and RMB 302 million, respectively.

Boosted by the declined coal price, China’s electric power were the gainers at midday. Huadian Power International Corp Ltd<600027><1071> rose 5.41% to HK$5.45 and Huaneng Power International Inc<600011><902><HNP> swelled 5.41% to HK$5.45.

China Power International Dev. Ltd<2380> surged 7.69% to HK$1.54, China Resources Power Holdings Co Ltd<836> rose 5.25% to HK$14.82 and Datang International Power Generation Co<601991><991> climbed 4.44% to HK$3.76.

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