13.
The Hang Seng Index rose to a historic high of 6 113 on 26 June before closing the month at 6 104, 24 points higher than at end-May. Some foreign institutional investors were reported to have stepped up their investment in the local stock market, in view of the good economic outlook of Hong Kong and in the Pearl River Delta region. Average daily turnover decreased from the high of $4.37 billion in May to $3.65 billion in June.
Property
14.
Prices of residential flats continued to rise in the first few months of 1992, although transactions were less active than in 1991. The market for shopping space was fairly stable, with prices being steady to slightly firmer. Against an abundant supply of office space, there was also some recovery in demand with rentals registering some slight increases. The sales market for office space performed reasonably well. The market for flatted factory space remained generally quiet, although performance tended to vary among different districts.
Investment
16.
Retained imports of capital goods increased by 10% in real terms in the first four months of 1992 over a year earlier. Within this category, retained imports of industrial machinery for manufacturing use registered an increase of 14%. On building and construction, activity was still rather slack.
Economic indicators
17. appendix.
The main economic indicators are shown in the following statistical
- 3 -
No comments yet.
Private notes are available after approval.