Higher on bargain hunting

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SHARES rose 0.48 per cent yesterday as bargain hunters moved in following recent losses while dealers await a United States Federal Reserve meeting this week.

The benchmark Hang Seng Index added 103.81 points to 21,953.96 on turnover of HK$ 44.63 billion.

Confidence was helped by reports that China’s central bank was injecting 17 billion yuan (RM8.69 billion) into the country’s banking systems.

Bank of China closed 0.6 per cent higher at HK$ 3.26 after trading up as much as 1.5 per cent. Bank of Communications closed up 0.2 per cent at HK$ 5.05. AFP

Business Times : marketwatch

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