PCW - Pacific Century CyberWorks Limited Message Board

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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (99)	1/18/2001 4:46:34 PM
From: ms.smartest.person	Read Replies (1) of 2248

Telecoms Rebound on Nasdaq's Gains; PCCW Back to HK$4 Jan 18, 2001 - 10:38:58 HKT Quamnet News Service Telecoms plays including Pacific Century CyberWorks Ltd. (0008) posted a technical rebound after gains on the Nasdaq overnight. At 10:26 a.m. Hong Kong time, PCCW rose 3.2 percent to HK$4, after an accumulated loss of 23 percent since the start of this year. The rebound ended its five-day slump triggered by concerns that Britain's Cable & Wireless Plc may dump its shares after a lock-up period expires in mid-February. China Unicom Ltd. (0762), which holds the core operations of China¡¦s No. 2 phone company, surged 5.3 percent to HK$11.90. Turnover was huge at HK$93.28 million, already half of yesterday's total. China Mobile (Hong Kong) (0941), the nation's largest mobile phone company, inched up 0.9 percent to HK$46.90. Turnover was HK$203.9 million, a third of yesterday's total. SmarTone Telecommunications Holdings Ltd. (0315), Hong Kong's third-largest mobile phone operator, also rose 4.3 percent to HK$12. The Nasdaq Composite Index finished up 64.24 points, or 2.5 percent, at 2682.79 on Wednesday. quamnet.com

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