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HK shares rise for 3rd day but close off highs

Published 06/12/2009, 04:09 AM
Updated 06/12/2009, 04:16 AM

HONG KONG, June 12 (Reuters) - Hong Kong shares rose for a third straight day on Friday with data from China and U.S. providing further evidence of a turnaround in the global economy, but the main index slipped off a nine-month high dragged down Chinese stocks.

The benchmark Hang Seng Index closed up 98.65 points at 18,889.68 after hitting a nine-month high of 19,161.79 intraday.

The index rose 1.1 percent in its fourth straight weekly gain.

The China Enterprises Index of top mainland companies underperformed, rising 0.1 percent to 11,088.77, following the 1.9 percent decline on the Shanghai Composite Index ahead of the imminent relaunch of IPOs in the Chinese market.

(Reporting by Parvathy Ullatil; Editing by Chris Lewis)

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