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Hong Kong Market ends 0.35% up

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Capital Market
The Hong Kong stock market finished slight higher in quiet and cautious trade on Thursday, June 23, 2016, as investors nervously awaited the results of the UK referendum on membership in the European Union. Hopes are growing in the market that Britain will choose to stay, amid fears that the departure of one of the biggest economies in the 28-member bloc could cause market turbulence. But many investors remained nervous, refraining from bold moves. Investors aren't willing to commit to anything until the vote is over. The benchmark Hang Seng Index grew 73.22 points, or 0.35%, to 20868.34 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, jumped 21.96 points, or 0.25%, to 8785.07. Turnover decreased to HK$54 billion from HK$58.7 billion on Wednesday.

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First Published: Jun 23 2016 | 4:10 PM IST

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