A share market advanced while HK large-cap stocks retreated last week.
According to Shanghai Securities News, the pension interests had started investment account opening procedure, with first batch capital around 10 billion RMB. The market expected investment on A shares would be as early as this month. A share benchmark CES China A80 rose 1.2% during the week.
Suffered from the underperformed annual result of HSBC, which profit before tax slumped 62.3% YoY, below market consensus of 30%, HK large-cap indices experienced selling pressure. Large-cap index CES Stock Connect HK Select 100 (CES SCHK 100) edged down 0.4%.
The 2016 EBITDA of Sands (1928.HK) slightly rose 0.9% YoY while profit significantly dropped 16% YoY. Investors were waiting for the annual result of Galaxy Ent. (0027.HK) on 28 Feb 2017. CES Gaming Top 10 Index (CES G10) adjusted 0.8%.
