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Roundup: HK stocks close up 0.03 pct

Xinhua, February 10, 2015 Adjust font size:

Hong Kong stocks rose 7.1 points, or 0.03 percent, to close on Tuesday at 24,528.1 points, after the benchmark Hang Seng Index trading between 24,583.79 and 24,422.85.

Turnover totaled 64.04 billion HK dollars (8.26 billion U.S. dollars).

Hong Kong Exchanges and Clearing Limited (HKEx) Chief Executive Charles Li discussed the positioning of Hong Kong's financial markets and HKEx's role at the company's annual media lunch on Tuesday.

Li said that HKEx will continue to look for ways to help maintain and expand Hong Kong's competitive advantages as it develops its strategic plan for coming years.

The Hang Seng China Enterprises Index ended up 47.84 points, or 0.41 percent, to close at 11,695.26 points.

Three of the four sub-indices gained ground. The Properties and Commerce & Industry sub-indices rose 0.4 percent and 0.17 percent respectively. The Utilities gained 0.37 percent while the Finance slid 0.21 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed down 1.3 percent to 71.85 HK dollars, and its local unit Hang Seng Bank lost 0.28 percent to 142.8 HK dollars. Local bourse operator HKEx lost 0.28 percent at 176.5 HK dollars.

Blue chips led the rally, with China Merchants Holdings ( International) up 3.43 percent to 28.65 HK dollars and Galaxy Entertainment 1.44 percent higher to 42.35 HK dollars.

Local developers Hang Lung Properties rose 1.36 percent to 22.3 HK dollars. Sun Hung Kai Properties, another major developer in Hong Kong, gained 1.3 percent to 124.8 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, climbed 0.34 percent to 149 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 0.16 percent to 6.29 HK dollars.

ICBC, the world's largest bank by market value, went up 0.37 percent to 5.56 HK dollars. Bank of China rose 0.94 percent to 4. 31 HK dollars.

PetroChina, the country's largest oil and gas producer, was down 0.23 percent to 8.57 HK dollars. (1 U.S. dollar equals 7.75 HK dollars) Endi