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Hong Kong share market finished session slightly higher on Thursday, 30 November 2023, as investors chased for value buying following a four-day sell-off.
However, market gains capped amid raising concerns about the trajectory of the world's second-largest economy after official manufacturing purchasing managers data showed that China's factory activity experienced a second consecutive month of contraction in November. China's National Bureau of Statistics showed that the official manufacturing purchasing managers index shrank to 49.4 from 49.5 in October.
At closing bell, the benchmark Hang Seng Index was up by 49.44 points, or 0.29%, to 17,354.14. The Hang Seng China Enterprises Index advanced by 38.67 points, or 0.66%, to 5,857.54.
Among blue chips, Tencent advanced 3.2% to HK$327, while Longfor Group added 1.5% to HK$13.84 and China Mobile advanced 1.3% to HK$63.43. AIA Group led losers sliding 2.6% to HK$67.40. EV maker BYD tumbled 0.9% to HK$210 and peer Xpeng declined 0.7% to HK$67.20 while Geely Auto tumbled 2.9% to HK$8.51. JD.com lost 0.4% to HK$106.20, while Alibaba Health dropped 3.9% to HK$4.44.
Chinese video streaming platform Bilibili slumped nearly 11% after managing to narrow its third-quarter net loss to 1.35 billion yuan from 1.71 billion yuan in the prior year. Revenue slightly rose year on year to almost 5.81 billion yuan from 5.79 billion yuan.
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