Market Close: Hang Seng dips, but property stocks rise

Hang Seng swung between losses and gains on Monday as property stocks jumped on speculation more hot money was flowing into the city, while gains were capped by losses of material firms as investors started profit taking.

The benchmark Hang Seng Index dipped 1.34 points, or 0.01 per cent, to close at 23,329.75. Trading volume stood at HK$81.28 billion.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1122115/market-close-hang-seng-dips-property-stocks-rise