Tuesday, July 10, 2007

Shanghai leads Hong Kong in dual shares

Shanghai and HK are 2 major cities in china.
They are financial citis..
Dually listed companies' share prices in Shanghai are 33.24 percent higher than in Hong Kong, a newly launched index showed yesterday.
Dur to a histroical reason, there are 2 stock markets.
Hang Seng China AH Premium Index was down 0.21 points, or 0.16 percent, to 133.24 on its debut yesterday, showing that H-share prices have narrowed the gap with A-share prices but still lag far behind.
The index was one of the four launched by Hang Seng Index Services Ltd, the index manager of Hong Kong's stock exchange.
Heng Seng bank, even no international bank in HK, but still a major bank in HK.
The other three are the Hang Seng AH (A+H) Index, Hang Seng China AH (A) Index and Hang Seng China AH (H) Index.
They gauge the performance of A and H shares together, and A and H share prices individually.
The three indexes all gained yesterday, thanks to a rally in Shanghai and Hong Kong.
The turnover was also very hugh.
The Hang Seng AH (A+H) Index rose 73.44 points, or 3.26 percent, to 2,327.36.
Hang Seng China AH (A) Index and Hang Seng China AH (H) Index grew 79.77 points and 69.75 points respectively to 2,779.77 and 2,141.4 respectively.
Even the indexes are so high, people are still rushing into the market.
Look no one can remembr the market crash in 97 ....easy-forget HK people ...
The indexes cover 27 companies that trade both in Shanghai and Hong Kong. The largest index constituents include China Life, Sinopec Corp, China Merchants Bank and the Industrial and Commercial Bank of China. The four constitute almost half of the index.

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