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Market Roundup

In view of the lack of fresh incentives, Hong Kong stock continued range trade on Friday. The Hang Seng Index closed 75 points higher at 26,895; On the other hand, Hang Seng Tech index rose 33 points to 8,090. Market momentum remained sluggish, market turnover was HK$112.7bn. People Bank of China said it would maintain normal monetary policy for long period of time, mainland banking stock performed well. Of which, ICBC (1398) rose 4.3%.