Hong Kong Stocks Plummet to End Week in Red, Sentiments Remain Cautious Ahead of China's Economic Data
Hong Kong Stocks Plummet to End Week in Red, Sentiments Remain Cautious Ahead of China's Economic Data
Hong Kong stocks fell back to red after yesterday's gains heading towards a weekly loss, while investors' sentiment remained cautious ahead of China's key economic numbers for May.
香港股市週五回落，距離本週收益不到，而投資者情緒在中國5月份的重要經濟數據公佈之前仍然保持謹慎。
China's statistics bureau will be announcing the industrial production, retail sales, and fixed-asset investment data for May on Monday.
中國統計局將於週一公佈5月份的工業生產、零售銷售和固定資產投資數據。
The Hang Seng Index fell by 0.94%, or 170.85 points, to close Friday's session at 17,941.78. The Hang Seng China Enterprises Index fell by 0.73%, or 47.15 points, to close at 6,374.66.
香港恒生指數下跌0.94%，或170.85點，週五收盤於17941.78點。國企指數下跌0.73%，或47.15點，收於6374.66點。
The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates. Hong Kong retained its base rate at 5.75% after the Fed kept its interest rate at between 5.25% and 5.5%.
香港金融管理局表示，高利率可能會持續一段時間，因爲聯儲局削減利率的時間不確定。香港維持基準利率在5.75%，而聯儲局將其利率維持在5.25%至5.5%之間。
Meanwhile, the gross value of construction works in Hong Kong rose 8.7% year over year to HK$68.7 billion in the first quarter, according to provisional data from the city's Census and Statistics Department released Thursday.
與此同時，根據香港普查統計處週四發佈的初步數據，香港建造業的總工程價值在第一季度同比增長8.7%，達到687億元港元。
In corporate news, Av Concept Holdings (HKG:0595) said it expects its net profit attributable to owners to have risen by 160% in the fiscal year ended March 31 from HK$41 million in the year prior, sending the company's shares nearly 34% higher on Fridays' close.
AV Concept Holdings（HKG:0595）表示，預計截至3月31日的財政年度歸屬於所有者的淨利潤將從上一年度的4100萬港元增長160%，使該公司股票在週五收盤時漲近34%。
Central Development Holdings (HKG:0475) forecasts its loss to widen to between HK$31 million and HK$34.4 million in the fiscal year ended March 31 from HK$11.9 million in the year-ago period. Despite this, the company's shares were up over 17% on Fridays' close.
中業控股（HKG:0475）預計截至3月31日的財政年度虧損將從上年同期的1190萬港元擴大到3100萬港元至3440萬港元。儘管如此，該公司股票在週五收盤時上漲逾17%。
WAH WO Holdings Group (HKG:9938) expects a maximum net loss of around HK$57.9 million for the year ended March 31, 2024, against an audited net profit of HK$2.9 million from the previous year period. The company's shares were down nearly 6% on Fridays' close.
華和控股集團（HKG:9938）預計截至2024年3月31日的年度淨虧損最高約5790萬港元，上一年度的經審計淨利潤爲290萬港元。該公司股票在週五收盤時下跌近6%。