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Roundup: Hong Kong stocks close 0.36 pct lower

Xinhua, January 30, 2015 Adjust font size:

Hong Kong stocks moved down 88. 80 points, or 0.36 percent, to close on Friday at 24,507.05 points.

The benchmark Hang Seng Index traded between 24,450.05 and 24, 771.37. Turnover totaled 85.13 billion HK dollars (about 10.98 billion U.S. dollars).

The Hang Seng China Enterprises Index ended down 15.99 points, or 0.14 percent, to close at 11,720.10.

Three of the four sub-indices lost ground. The Commerce & Industry sub-index fell the most at 0.88 percent, followed by the Utilities at 0.57 percent, the Properties at 0.04 percent, while Finance edged up 0.02 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 0.2 percent higher at 72.45 HK dollars. Bank of East Asia, another major bank in Hong Kong, lost 0.16 percent to 32.20 HK dollars.

Local bourse operator HKEX rose 0.17 percent to 178.60 HK dollars.

China Mobile, China's dominant mobile carrier, dropped 1.73 percent to 102.50 HK dollars. China Unicom, another Chinese telecom giant, dropped 1.7 percent to 11.72 HK dollars.

Local property shares closed mixed. Sun Hung Kai, one of Hong Kong's largest property developer by market value, fell 1.25 percent to 126.60 HK dollars. Cheung Kong properties, controlled by billionaire Li Ka-shing, surged 2.13 percent to 148.50 HK dollars. Hang Lung added 0.44 percent to 22.85 HK dollars.

As for mainland-based financial stocks, Bank of China dropped 0. 23 percent to 4.34 HK dollars. Bank of Communications went up 1.09 percent to 6.52 HK dollars. China Construction Bank fell 0.32 percent to 6.23 HK dollars. ICBC dropped 0.36 percent to 5.58 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 0.65 percent to 6.13 HK dollars. PetroChina, the country's largest oil and gas producer, ended down 0.36 percent to 8.39 HK dollars. CNOOC fell 0.2 percent to 10.18 HK dollars (1 U.S. dollar equals 7. 75 HK dollars) Endi