PCCW News

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PCCW News

 
#1
HSI Back to 17,000 on Prospective Alliance of PCCW,
                 SingTel
                                                       Feb 17,2000 - 13:04:04 HKT

                                                                       

                 The market rumoured that Pacific Century CyberWorks (1186) has
                 reached an agreement with Singapore Telecommunications to form
                 a new venture to acquire Cable & Wireless HKT (0008). The local
                 stock market was thus boosted and returned to the 17,000 level.
                 The HSI rallied 106 points to close the morning session at 17,149
                 on turnover of $15.1 billion.

                 HSBC (005) increased $1.25 to $93.75. Cable & Wireless HKT
                 (0008) rallied $1.03 to $26.00.

                 Pacific Century CyberWorks (1186) jumped $1.40 to $26.75.

                 Golden Power International (0603) remained unchanged at $17.25.
                 TraHK (2800) rose $0.05 to $17.05.

                                                            ¡iQuamnet News¡j    

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