'HK stocks fall for four consecutive days"

Hong Kong-based airline Cathay Pacific was 1.39 percent lower to 17.08 HK dollars after declaring that it welcomed the strategy in the new governmental financial budget.


CLP Holding lost 0.71 percent to 62.95 HK dollars, although the company's total earnings rose up 26 percent in 2010 and sold its shares in Thailand EGCO at 2.13 billion HK dollars with an expected gain of 880 million HK dollars.

Most of Hong Kong property developers fell after a small rise during the morning session. Cheung Kong Holding, a conglomerate owned by Li Ka-shing, fell 0.68 percent to 116.6 HK dollars. Shares of Sino Land dropped 0.72 percent to close at 13.88 HK dollars. Hang Lung Property slid 2.03 percent to close at 31.45 HK dollars.

Bucking the trend, Sun Hung Kai Properties gained 0.33 percent to 121.4 HK dollars.

On oils stocks side, Petrochina and CNOOC went down 1.54 percent to 10.22 HK dollars and 0.23 percent to 17.46 HK dollars, respectively. China's top refiner Sinopec fell sharply by 4.25 percent to 7.66 HK dollars.

China MER Holding was the worst-performing blue-chip in the day, with its shares dropping 5.13 percent to close at 31.45 HK dollars.

Source: Xinhua

Posted in: saham