Hong Kong Stocks Flat as China's Retail Sales Data Indicates Recovering Consumer Confidence

MT Newswires Live06-17

Hong Kong Stocks Flat as China's Retail Sales Data Indicates Recovering Consumer Confidence Hong Kong stocks closed flat on Monday as China's retail sales data for May showed a 3.7% increase over ...

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China's industrial activity, however, fell short of expectations in May despite the strong performance of the manufacturing sector.The Hang Seng Index slipped 0.03%, or 5.66 points, to close Mondayâs session at 17,936.12. The Hang Seng China Enterprises Index fell by 0.02%, or 1.18 points, to close at 6,373.48.In corporate news. Beauty Farm Medical and Health Industry (HKG:2373) unit Shanghai Beauty Farm Development subscribed for 100 million yuan of certain wealth management products from China Merchants Bank (HKG:3968, SHA:600036) on June 14. The companyâs shares were up over 3% on Mondayâs close.OKG Technology Holdings (HKG:1499) expects an attributable loss of at least HK$35 million for the year ended March 31, as compared to an attributable profit of around HK$43.5 million in the year-ago period. The companyâs shares were down nearly 11% on Mondayâs close.CafÃ© de Coral Holdings (HKG:0341) attributable profit tripled to HK$330.5 million, or HK$0.57 per share, in the year ended March 31, from HK$110.4 million, or HK$0.19 per share, in the year-ago period. 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