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Hong Kong stocks ends Christmas week higher; Chinese shares close softer: Baidu (BIDU), JD.Com (JD), International, (CTRP)

Hong Kong shares ended higher on Thursday in light business as most players were already away for Christmas, meanwhile Chinese stocks eased by the close as the markets kept a wary eye on a security alert of possible violence against Westerners in a shopping district in Beijing.

The key Hang Seng Index rose 97.54 points or by 0.44 per cent to settle at 22,138.13. The market was only open until noon on Thursday and will reopen for business on Monday.

On the week, the Hang Seng gained 382.57 points or 1.75 per cent.

In China, the Shanghai Composite Index gained 0.65 per cent to close at 3,612.49 while the Shenzhen composite was off 0.2 per cent to end at 2,346.37.

The Shanghai Index had its worst day since December 8.

“Trading volume in China has been declining since the start of December, which could mean that the Shanghai Composite may not be making much headway in either direction for the rest of the year,” said Bernard Aw, a strategist at IG Asia Pte. in Singapore.

“The index is still firmly on a upward trajectory since September, although anyone hoping it will end the year above 4,000 will be sorely disappointed.”

Hong Kong’s Hang Seng Enterprises Index rose 0.7 per cent at the close, capping a 3.3 per cent gain this week.

The Shanghai gauge has rebounded 23 per cent from the August low and is heading for the biggest gain among major benchmark global indexes this quarter. While valuations are still below levels reached earlier in the year, they aren’t cheap. The median stock on mainland exchanges TRADES AT74 times earnings, the highest among the world’s 10 biggest markets.

Baidu Inc (ADR) (NASDAQ:BIDU) closed U.S. trading at $193.93, down -1.32% from previous close. The year-to-date (YTD) performance reflected a -14.93% below last year. During the past month the stock gains -5.55% bringing three-month performance to 44.36% and six-month performance to -4.64%.For this company, beta value at 2.25 represents it is more volatile to the shift in the market. If we take a look on its volatility, 2.05% was seen in a week and for the month it was 2.63%

Shares of JD.Com Inc (ADR) (NASDAQ:JD) traded up 0.12% during last trading session on a U.S. exchange, closing at $32.58. The company now has a market value of $45.06B. The stock, after recent close, is 10.45% above their SMA 50 and -14.26% below the 52-week high. The worst hit in its 52 week range is $21.55 per share, with $38.00 as its 52 week best price. Its latest closing price has a distance of 2.90% from SMA20 and is 6.37% above than SMA200. International, Ltd. (ADR) (NASDAQ:CTRP) settled at $48.74 during New York trading, up -0.81% from previous close and at a distance of -4.34% from 20-day simple moving average. In the last trading session, the stock’s price moved 30.27% above its 200 day moving average. The stock is currently trading 2.21% above its SMA 50. This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.59.