HK shares end higher
Friday, 25 April 2014
BEIJING, Apr 24 (Reuters): Hong Kong shares posted modest gains on Thursday, helped by a strong rebound in some telecoms shares after the previous session's sell-off, and by company results.
The Hang Seng Index closed up 0.2 per cent at 22,562.80 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong ended up 0.4 per cent.
China Unicom Hong Kong Ltd was the biggest gainer on the Hang Seng index, rising 3.8 per cent after investors bought back the stock following a sell-off on Wednesday when its main competitor China Mobile Ltd posted its worst quarterly results in 5 years.
China Mobile slipped 0.4 per cent, after sliding 2.6 per cent the previous day.
Shares of GOME Electrical Appliances rose 4.9 per cent, hitting their highest since April 2012 after the Chinese home appliance retailer said it expected to see a sharp rise in its first-quarter profit.