FinanceAsia Composite Internet Index Rises 1.79% to 284.09

FinanceAsia Composite Internet Index Rises 1.79%.
The FinanceAsia Composite Internet Index Facix rose 1.79% Wednesday to close at 284.09. Horizon.com, an internet and broadband technology services provider, led the index higher. Shares of Singapore-based Horizon.com rose 14.9% to close at S$2.00.

Digitalhongkong.com, the Hong Kong-based internet unit of Champion Technology Holdings,áárose 13.5% to HK$0.56. ThatÆs down from than 50% from its initial public offering price of HK$1.20 earlier this year. Netalone.com, a Hong Kong-based company that provides software to enable e-commerce, rose 10.4% to HK$0.72.

Declining stocks were led by Singapore-based Pacific Internet, an internet service provider. The company Wednesday reported a pro forma net loss of $1.6 million or $0.12 a share in the second...

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