BEIJING, April 14 Hong Kong shares finished
slightly higher on Monday in subdued trade, with a strong
performance from blue chips including Hong Kong Exchanges and
Clearing Ltd pulling up the index.
The Hang Seng Index closed up 0.2 percent at
23,038.8. The China Enterprises Index of the leading
offshore Chinese listings in Hong Kong was also up 0.2 percent.
Securities firms fell as investors took profits after last
week's gains following an announcement on cross-border
investment rules as investors awaited further details about how
the policy would be implemented.
Haitong Securities Co Ltd dropped 2.7 percent
while CITIC Securities Co Ltd shed 2.4 percent.
Last week's jump came on the news that the Hong Kong and
China securities regulators had reached an agreement to allow
investors in their respective regions to trade shares in each
But shares in the Hong Kong stock exchange itself continued
to perform well, gaining 2.6 percent on the day to close up at
its highest level since January 2013.
Shares in Chinese snack maker Want Want China holdings Ltd
also registered strong gains, increasing 5.2 percent
on the day, as cheap input prices and strong projections for
consumption growth by analysts pushed the stock to its highest
Shares in MMG Ltd surged 8.8 percent, pushing the
stock to its highest intraday level since early December, after
a consortium led by the company purchased an interest in the Las
Bambas copper mine in Peru from Glencore Xstrata in a
$6 billion cash deal.
(Reporting By Natalie Thomas; Editing by Jacqueline Wong)