Markets

Hong Kong stocks close 1.89% higher -- Sept 13

(Xinhua)
Updated: 2010-09-13 16:34

HONG KONG - Hong Kong stocks closed up 400.96 points, or 1.89 percent, at 21,658.35 on Monday.

Turnover totaled HK$80.05 billion compared with Friday's HK$65.95 billion. All blue chips but Cathay Pacific rose.

The Hang Seng China Enterprises Index went up 252.58, or 2.13 percent, to close at HK$12,088.51.

All four sub-indices went up. The Commerce and Industry sub- index gained 2.14 percent, the finance up 1.88 percent, the properties, 1.59 percent, the utilities, 0.69 percent.

Chinese mainland lenders closed higher. Bank of China rose 1.24 percent to HK$4.09. ICBC up 1.04 percent to HK$5.84. China Construction Bank gained 2.12 percent to HK$6.75. Bank of Communications added 1.31 percent to HK$8.50.

Heavyweight HSBC went up 1.83 percent to HK$80.60. Its local unit Hang Seng Bank rose 0.45 percent at HK$112.10. Local bourse operator Hong Kong Exchanges and Clearing up 2.38 percent to HK$137.70.

Local developers closed higher. Cheung Kong, a flagship of Hong Kong led by billionaire Li Ka-shing, was up 0.98 percent to HK$103.00. Henderson Land, another major developer in the city, gained 1.62 percent to HK$50.15. New World Development rose 2.12 percent to HK$13.48.

PetroChina gained 1.53 percent to HK$8.65, offshore oil producer CNOOC jumped 3.96 percent to HK$14.70. Sinopec up 1.90 percent at HK$6.43. ($1 equals HK$7.767)