Hong Kong shares end morning higher on Dow record; China Molybdenum in focus |
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Thu, 26 Apr 2007 06:08
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HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply higher as the Dow Jones Industrial Average crossed a new milestone overnight as it swept past the 13,000 points level, dealers said.They said investors also cheered a firm showing on the mainland's A-share markets.China Molybdenum was in focus as it staged a very strong trading debut, while ICBC rose after announcing strong results for the first quarter to March.The Hang Seng Index closed the morning up 212.23 points or 1.03 pct at 20,749.01, off a low of 20,651.29 and high of 20,771.14.Turnover was 30.04 bln hkd.China Molybdenum finished the morning at 10.88, up 60 pct from the IPO price of 6.8 hkd, while iCBC rose 0.10 hkd or 2.32 pct to 4.41.roby.lau@xfn.comrl/rc
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Hong Kong shares open higher on Dow milestone; China Molybdenum soars on debut 