Roundup: Hong Kong stocks close 0.35 pct lower

Hong Kong stocks ended down 0.35 percent on Friday, with the benchmark Hang Seng index falling 86. 10 points to end at 24,679.39 points, after trading between 24,645. 76 and 25,843.20. Turnover totaled 75.94 billion HK dollars (about 9.79 billion U.S. dollars).

The Hang Seng China Enterprises Index fell 91.87 points, or 0. 78 percent, to close at 11,697.32.

Three sub-indices lost ground, with the Utility sub-index falling the most by 0.71 percent, followed by the Finance 0.49 percent and the Commerce and Industry 0.29 percent. The Properties rose 0.07 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed up 0.9 percent to 72.85 HK dollars, while its local unit Hang Seng Bank lost 0.8 percent to 143.70 HK dollars. Local bourse operator HKEX decreased 0.2 percent at 177. 70 HK dollars.

Local developers Hang Lung Properties rose 0.4 percent to 22.45 HK dollars. Henderson Land, another major developer in Hong Kong, slid 0.5 percent to 54.70 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, jumped 2.5 percent to 150.10 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, retreated 1.3 percent to 6.31 HK dollars. ICBC, the world's largest bank by market value, went down 1.1 percent to 5.61 HK dollars. Bank of China sank 1.6 percent to 4.33 HK dollars.

PetroChina, the country's largest oil and gas producer, was up 0.1 percent to 8.57 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi