HK stocks end 0.47 pct higher

BY    2013-05-12 10:57:52

  HONG KONG, May 10 (Xinhua) -- Hong Kong stocks closed up 109.74 points, or 0.47 percent, at 23,321.22 on Friday.

  The benchmark Hang Seng Index traded between 23,330.6 and 23,144.12. Turnover totaled 55.55 billion HK dollars (7.16 billion U.S. dollars).

  The Hang Seng China Enterprises Index rose 80.52 points, or 0.71 percent, to close at 11,347.41.

  Four sub-indices closed mixed. The Finance edged up 0.65 percent, and the Commerce & Industry ended 0.55 percent higher. The Utilities fell 0.58 percent, and the Properties dipped 0.02 percent.

  Mainland-based financial stocks led the increases. China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, ended 1.07 percent higher at 6.64 HK dollars. Industrial and Commercial Bank of China, the world's largest bank by market value, added 0.89 percent to finish at 5.64 HK dollars. Bank of China went up 0.79 percent to 3.82 HK dollars.

  Local financial shares also posted gains. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, went up 0.11 percent to 88.05 HK dollars. Its local unit Hang Seng Bank closed at 130.5 HK dollars, up 0.62 percent.

  Most local property developers closed higher. Sun Hung Kai, HK' s largest property developer by market value, climbed 0.27 percent to 111.5 HK dollars. Cheung Kong properties, a leading developer owned by billionaire Li Ka-shing, rose 0.42 percent to 118.8 HK dollars.

  As for energy stocks, China's top refiner Sinopec increased 0. 46 percent to close at 8.69 HK dollars. PetroChina, the country's largest oil and gas producer, rose 0.2 percent to 10.26 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)

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