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HSI Up 55 pts; AIA Soars Over 2% 

On the last trading day of 2017, Hong Kong stocks fared well. Hang Seng Index
rose for five consecutive trading days to approach nearly 30,000 mark. The benchmark index opened higher 50 pts and once escalated over 130 pts in the early trade to peak at 29,997. It saw a narrowed growth afterwards and concluded the day higher 55 pts or 0.2% to 29,919. Hang Seng China Enterprises Index lifted 25 pts or 0.2% to 11,709. Market turnover totaled $77.52 billion.

For the whole year, Hang Seng Index delivered a cumulative rise of 7,918 pts or 36% and Hang Seng China Enterprises Index gained 2,314 pts or 24.6%.

Numerous bureaus in Mainland China outlined governance over breaches and unhealthy content of online games. TENCENT (00700.HK)  -2.200 (-0.539%)    Short selling $381.50M; Ratio 5.658%   slipped 0.5%. Some mobile game stocks were also under pressure. BOYAA (00434.HK)  -0.050 (-1.520%)   , NETDRAGON (00777.HK)  -0.200 (-0.913%)    Short selling $2.53M; Ratio 6.761%   and IGG(00799.HK)  -0.110 (-1.287%)    Short selling $4.25M; Ratio 10.663%   dipped 0.9%-1.5%. KINGSOFT (03888.HK)  +2.050 (+8.559%)    Short selling $110.11M; Ratio 9.098%   escalated 8.6%.

Heavyweights AIA (01299.HK)  +1.400 (+2.146%)    Short selling $268.81M; Ratio 19.649%   and CHINA MOBILE (00941.HK)  +1.050 (+1.343%)    Short selling $93.28M; Ratio 7.960%   soared 2.1% and 1.3%, of which the former was the best performer of blue chips. HSBC HOLDINGS (00005.HK)  -0.050 (-0.062%)    Short selling $25.70M; Ratio 2.079%   , however, restricted at $80 mark and retreated 0.06% to end at $79.95, bucking the market uptrend.

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