Hong Kong, Shanghai shares rise again, Sinopec at multi-month highs

jueves 27 de febrero de 2014 01:02 GYT
 

* HSI +0.9 pct, H-shares +0.5 pct, Shanghai +0.6 pct

* Sinopec hits multi-month highs after Goldman upgrade

* ANTA up after positive earnings spur upgrades, lifts sector

* Chinese property down despite banks saying no lending halt

By Clement Tan

HONG KONG, Feb 27 (Reuters) - Hong Kong shares rose again on Thursday, and mainland markets also firmed for a second day, led by oil giant Sinopec after a broker upgrade and an increase in China's gasoline and diesel prices.

Corporate earnings drove some price moves. ANTA Sports climbed 2 percent after Wednesday's release of its 2013 net profit spurred a few broker upgrades, also buoying its Chinese sportswear rivals.

At midday, the Shanghai Composite Index was up 0.6 percent, while the CSI300 of the largest Shanghai and Shenzhen A-share listings slipped 0.1 percent in choppy trade as volumes stayed rather lackluster.

The Hang Seng Index, which on Tuesday closed at its lowest since Feb. 14, climbed 0.9 percent to 22,638.7 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong rose 0.5 percent.   Continuación...