Hong Kong shares end flat

Written By Unknown on Selasa, 16 Juli 2013 | 18.16

HONG Kong shares ended flat on Tuesday as another record close on Wall Street was offset by profit-taking following a rally in the previous session.

Hong Kong's benchmark Hang Seng Index edged up 9.07 points to 21,312.38 on turnover of $HK48.45 billion ($A6.89 billion).

GCL-Poly rose 6.7 per cent to $HK1.92, while Comtec Solar rallied 4.6 per cent to $HK2.04, closing near a two-year high.

Shares of gaming company NetDragon dropped 21 per cent to $HK19.04 after the company said it will sell Chinese app store operator 91 Wireless to search engine giant Baidu.

Chinese shares closed up 0.31 per cent. The benchmark Shanghai Composite Index rose 6.33 points to 2,065.72 on turnover of 82.87 billion yuan ($A14.89 billion).

"We expect the market to consolidate in the near term after a slew of economic data confirmed that growth momentum remains weak," Capital Securities analyst Jacky Zhang told Dow Jones Newswires.

Solar firms rose after the government set a larger target for expansion of China's solar power capacity.

TDG Holding rose by its 10 per cent daily limit to 5.58 yuan and Lida Optical & Electronic also advanced 10 per cent to 7.11 yuan.

AVIC Heavy Machinery jumped 7.83 per cent to 15.42 yuan and Sichuan Chengfa Aero Science & Technology rose 3.86 per cent to 11.04 yuan.


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