[Listing on Ali] HSI opens 190 points higher, HKEx up nearly 2%

Financial News

Written by: Wen Haozong

2019-11-26 09:42

U.S. stocks rose again overnight. The Dow closed up 190 points (0.68%) at 28,066 points, and the Nasdaq also rose 112 points (1.32%) at 8,632 points. Alibaba (9988) was officially listed in Hong Kong today. The Hang Seng Index opened at 27183 points, up 190 points (0.71%). The state-owned enterprise index was 10709 points, up 80 points (0.76%).

Blue chip stocks generally opened better, Tencent (0700) rose 0.65% to 341 yuan; AIA (1299) rose 0.25% to 80.3 yuan; HSBC Holdings (0005) rose 0.34% to 59.2 yuan; Ping An (2318) rose 1.1%, quoted at 91.9 yuan; Hong Kong Stock Exchange (0388) rose 1.76% to 254 yuan; Link Show (0823) rose 1.21% to 83.5 yuan.

Alibaba was listed on the first day and opened at 187 yuan, 6.25% higher than the offer price of 176 yuan. Based on 100 shares per board lot, it earned 1,100 yuan without handling fees.

Mainland media reported that the country will officially provide "port number portability" service before the end of the month. Mainland telecommunications stocks are well established. China Mobile (0941) rose 1.05% to 62.6 yuan; China Unicom (0762) rose 3.19% to 7.45 yuan .

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