Macau casino stocks keep alive Hong Kong market’s longest winning run in five weeks, as trading volume sags…


Source: scmp.com scmp.com

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Hong Kong stocks rose for a fourth day on Friday, pushing the benchmark index to its longest winning streak in five weeks. Macau’s casino operators rallied on optimism that their gambling concessions will be extended next year. The Hang Seng Index rose 0.1 per cent to 23,223.76 at the close of trading, adding to its best momentum since a six-day rally in mid-November. The Hang Seng Tech Index declined 0.3 per cent, while China’s Shanghai Composite Index lost 0.4 per cent. Sands China jumped 4.7 per cent, Galaxy Entertainment added 2.1 per cent and MGM China surged by 7.2 per...