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Hang Seng up to 23280 on Casino Operators, Gold Producers

Hong Kong stocks rose, with the city’s benchmark index heading for its first advance this week, as casino shares led gains and gold producers climbed.

Macau gaming companies Sands China Ltd. and Galaxy Entertainment Group Ltd. each added at least 2.9 percent. Zijin Mining Group Co. (2899), China’s biggest gold producer, added 2.9 percent as bullion headed for its longest run of weekly advances since March. China Machinery Engineering Corp. slid 4.9 percent after starting to evacuate staff who are building a power plant in Iraq amid escalating violence.

The Hang Seng Index (HSI) added 0.3 percent to 23,225.94 as of 1:03 p.m. in Hong Kong, with about twice as many shares gaining as falling. The gauge is heading for a 0.4 percent decline this week. The Hang Seng China Enterprises Index, also known as the H-share index, added 0.5 percent to 10,407.16.

Bloomberg [1]

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