China stocks rise slightly on brokerages, Hong Kong outperforms

martes 26 de julio de 2016 00:22 GYT

* CSI300 +0.4 pct, SSEC +0.5 pct

* HSI +0.9 pct, HSCE +0.8 pct

SHANGHAI, July 26 (Reuters) - Mainland Chinese stocks edged higher on Tuesday as bargain hunters snapped up brokerage shares, while Hong Kong outperformed, taking cues from a broad Asian rally.

The CSI300 index rose 0.4 percent to 3,244.79 points at the end of the morning session, while the Shanghai Composite Index gained 0.5 percent to 3,029.51 points.

China CSI300 stock index futures for August rose 0.6 percent, to 3,218.8, 25.99 points below the current value of the underlying index and suggesting little investor confidence that the day's gains can be sustained.

"The market is generally in a standstill, with investors focusing on individual hot stocks," said Gang, chief equity analyst at Central China Securities in Shanghai.

"First-half data shows the economy is stabilising, with the market increasingly expecting no immediate fresh monetary easing steps," he said.

Founder Securities rose 0.8 percent. The mid-size brokerage has seen its share price more than halved over the past year as the company was investigated by stock regulators for suspected irregularities.

Top brokerage Citic Securities rose 0.5 percent, with its share price having also suffered from regulatory investigations.   Continuación...