Hong Kong stock market finished lower fourth consecutive session on Monday, 07 June 2021, dragged down by casino stocks after the former Portuguese colony banned the entry of non-local residents via Guangdong province.
At closing bell, the benchmark Hang Seng Index declined 0.45%, or 130.82 points, to 28,787.28.
The Hang Seng China Enterprises Index dropped 0.53%, or 57.44 points, to 10,748.20.
The sub-index of the Hang Seng tracking the commerce & industry sector fell 0.59%, utilities sector fell 0.79%, and the finance sector fell 0.44%, while the properties sector added 0.52%.
Macau casino stocks declined as the former Portuguese colony banned the entry of non-local residents via Guangdong province, where a cluster of Covid-19 cases have emerged while Hong Kong tightened quarantine rules. Galaxy Entertainment Group lost 2.1% to HK$62.35 and Sands China lost 1.9% to HK$33.70.
WH Group shares surged 7.7% to HK$7.33 after the world's biggest meat processor offered as much as HK$14.95 billion to buy back 13% of its capital at a premium to market.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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