Hong Kong shares stay flat on Monday

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Source: Dukascopy Bank SA
Hong Kong blue chips fluctuated between gains and losses on Monday with the Hang Seng benchmark index staying close to its highest level in nineteen months. Hong Kong's gauge reached its highest since June 2011 on Friday amid report that indicated Chinese economy revived for the first time in two years. However, the Hang Seng index closed down 0.05% at 23,590.91. Four out of nine groups advanced with the basic materials posting biggest gains. Kunlun energy advanced 2.5%, the most in the index, capping further losses in the oil and gas sector, while Cosco Pacific, a provider of shipping container leasing services worldwide, rallied 2.28% to HK$12.56, bounding further decrease in the financial shares. Furthermore, Belle International led gains in the consumer services group that was 0.96% up, as Belle's shares added 2.06%. Meanwhile, Want Want China was the worst-performing blue chip, as it declined 2.11% to HK$10.22, capping further increase in the consumer services shares. Sino Land paired a 1.7% loss and prompted financial shares to inch 0.10% lower.
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