Roundup: HK stocks close 0.45 pct higher

Hong Kong stocks ended up 0.45 percent on Monday, with the benchmark Hang Seng index rising 106. 51 points to end at 24,026.46, after trading between 23,905.01 and 24,118.59. Turnover totaled 89.94 billion HK dollars (about 11.59 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 64.58 points, or 0. 53 percent, to close at 12,016.66.

Three sub-indices gained ground, with the Properties sub-index rising the most by 3.35 percent, followed by the Commerce and Industry 0.53 percent and the Utility 0.29 percent. The Finance fell 0.29 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed flat at 71.10 HK dollars, while its local unit Hang Seng Bank rose 0.8 percent to 128.10 HK dollars. Local bourse operator HKEX increased 0.9 percent at 178.60 HK dollars.

Local developers Hang Lung Properties grew 0.5 percent to 21.20 HK dollars. Henderson Land, another major developer in Hong Kong, closed up 0.4 percent to 53.45 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka- shing, jumped 14.7 percent to 143.20 HK dollars.

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, sank 0.8 percent to 6.40 HK dollars. ICBC, the world's largest bank by market value, went down 0.9 percent to 5.68 HK dollars. Bank of China retreated 1.1 percent to 4.39 HK dollars.

PetroChina, the country's largest oil and gas producer, was down 0.5 percent to 8.77 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi