Daily Market Summary

Hong Kong Stock Market Summary

The World stocks plunged; the HSI opened down 803 pts and once sank 1273pts, closed at 21,251, down 1,158pts. The mainboard turnover was HK$139bn.

Oil prices once hits 6 and half year low on the New York Mercantile Exchange, Oil-related shares plunged, KUNLUN(135) sank 18% to HK$4.74, become the top loser of the HSI, CNOOC(883) and PETROCHINA(857) fall 8.2% and 4.2%. Mainland Banks fall, CM BANK (3968) dropped 10.2% to HK$17.1, the big four bank sank by a range of 4.4% to 4.7%. Mainland brokerage shares fall, GF SEC (1776) dropped 16.5% to HK$11.1, CGS (6881) and CITIC SEC (6030) fall 14.2% and 9.6%. CITIC (267) interim revenue up 45.5%, share price rose 0.3% to HK$13.96, become the only gain of the HSI.