US EUROPE AFRICA ASIA 中文
Business / Markets

Hong Kong stocks close 0.14% higher

(Xinhua) Updated: 2012-09-17 17:06

HONG KONG -- Hong Kong stocks rose 28.33 points, or 0.14 percent, to close at 20,658.11 on Monday.

The benchmark Hang Seng Index traded between 20,591.44 and 20,758.49. Turnover totaled HK$60.43 billion (about $7.80 billion).

The Hang Seng China Enterprises Index fell 48.51 points, or 0.49 percent, to close at 9,780.92.

Three sub-indices gained ground, with the Utility sub-index rising the most by 0.27 percent, followed by the Finance 0.23 percent and the Commerce and Industry 0.18 percent. The Properties lost 0.45 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.0 percent to HK$73.45, while its local unit Hang Seng Bank ended 0.6 percent higher at HK$114.90. Bank of East Asia, another Hong Kong's major bank, closed up 0.3 percent to HK$29.00. Local bourse operator HKEX jumped 2.5 percent to HK$120.90.

As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, closed flat at HK$5.17. ICBC, the world's largest bank by market value, declined 0.2 percent at HK$4.42. Bank of China was down 0.7 percent to HK$2.93. Bank of Communications, China's fifth biggest lender measured by assets, closed flat at HK$5.21.

Local developers Hang Lung Properties decreased 0.7 percent to HK$27.85. Henderson Land, another major developer in Hong Kong, retreated 1.4 percent to HK$53.40, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, added 0.1 percent to HK$114.10.

As for energy stocks, China's top refiner Sinopec ended down 1.6 percent to HK$7.19. PetroChina, the country's largest oil and gas producer, moved up 0.8 percent to HK$9.99.

Hot Topics

Editor's Picks
...