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Roundup: Hong Kong stocks close 0.22 pct higher

Xinhua, January 28, 2015 Adjust font size:

Hong Kong stocks moved up 54.53 points, or 0.22 percent, to close on Wednesday at 24,861.81 points.

The benchmark Hang Seng Index traded between 24,716.68 and 24, 983.89. Turnover totaled 80.37 billion HK dollars (about 10.37 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 66.74 points, or 0.55 percent, to close at 11,963.64.

Three of the four sub-indices gained ground. The Utilities sub- index rose the most at 0.96 percent, followed by the Properties at 0.62 percent, the Commerce and Industry and the Properties at 0.3 percent, while the Finance dipped 0.02 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lowered 0.41 percent to 73 HK dollars. Bank of East Asia, another major bank in Hong Kong, added 0.63 percent to 31.90 HK dollars.

Local bourse operator HKEX fell 0.39 percent to 179.40 HK dollars.

China Mobile, China's dominant mobile carrier, added 0.68 percent to 103.40 HK dollars. China Unicom, another Chinese telecom giant, edged down 0.17 percent to 12 HK dollars.

Local property shares closed up. Sun Hung Kai, one of Hong Kong 's largest property developer by market value, rose 1.27 percent to 127.90 HK dollars. Cheung Kong properties, controlled by billionaire Li Ka-shing, ended up 0.76 percent to 145.30 HK dollars. Hang Lung surged 3.42 percent to 22.70 HK dollars.

As for mainland-based financial stocks, Bank of China added 0. 23 percent to 4.45 HK dollars. Bank of Communications went down 2. 22 percent to 6.62 HK dollars. China Construction Bank rose 0.95 percent to 6.35 HK dollars. ICBC dropped 1.17 percent to 5.72 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 0.48 percent to 6.24 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 1.15 percent to 8.60 HK dollars. CNOOC fell 0.19 percent to 10.46 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi