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Poly Real Estate ends week on high note

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real_estate January 18, 2013 (Chinavestor) Stocks continued the climb in China on Friday as economic indicators suggested Chinese economic activity picked up. The Hang Seng Index (INDEXHANGSENG:.HSI) rose 262.0 points or 1.1% while the Shanghai Composite Index (SHA:000001) surged 32.2 points or 1.4%. The advance was universal in Shanghai where all but three among the 50 largest components of the broad Shanghai Composite Index rose on Friday. Poly Real Estate (SHA:600048), the real estate stock of the exchange, jumped 5.5%, indicating improved investor confidence in the markets. But investors took a more cautious approach in Hong Kong where stock that advanced outnumbered those that fell eight to one among components of the Hang Seng index (INDEXHANGSENG:.HSI). The advance in Hong Kong was led by mainland Chinese companies as components of the Xinhua China 25 Index testify.

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