CITIC Limited (Stock Code: 267) Hong Kong Index Constituents (
Hang Seng Index) Category
The HKMA confused many market players and accumulated an embarrassingly large portion of the
Hang Seng Index. This was hardly in line with free-market principles.
Even after falling 11.02% yesterday on profit taking, CyberWork's market capitalization is now $36.45bn, giving it a market value exceeding 17 of the 33 members of the
Hang Seng index. CyberWork's stock price surge has filtered through to companies with related business, particularly ISP, China Online, in which it holds a stake.
In terms of ROE,
Hang Seng Index companies reported peak profitability in 1995 with an aggregate 20.4 per cent.
The blue-chip
Hang Seng Index rose 186.26 points, or 1.59 per cent, on April 9 to 11,914.10, its highest close since October 21, 1997, when the index closed at 12,403.10.
In Asian markets, Japan's Nikkei Stock Average fell 1.11%, Hong Kong's
Hang Seng Index fell 2.1%, China's Shanghai Composite Index slipped 0.63% and India's BSE Sensex fell 1.66%.
- Inclusion in the
Hang Seng Index as one of fifty constituent stocks
Hong Kong's
Hang Seng index dropped 2.2 percent to 27,714.38 and the Kospi in South Korea shed 1.6 percent to 2,270.20.
The
Hang Seng Index sank on Monday for the first time this year as a record-breaking 14-day surge came to an end on profit-taking.