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Roundup: HK stocks close 0.44 pct higher

Xinhua, February 12, 2015 Adjust font size:

Hong Kong stocks rose 107.13 points, or 0.44 percent, to close on Thursday at 24,422.15 points, after the benchmark Hang Seng Index trading between 24,514.49 and 24,226.29.

Turnover totaled 73.28 billion HK dollars (9.46 billion U.S. dollars).

Hong Kong's Acting Financial Secretary K C Chan told media in a recent interview that he expected the Shanghai-Hong Kong Stock Connect to see increasing transactions in the future as investors get more familiar with the new mechanism.

The Hang Seng China Enterprises Index ended up 132.6 points, or 1.14 percent, to close at 11,783.61 points.

Two of the four sub-indices gained ground. The Finance and Commerce & Industry sub-indices rose 0.79 percent and 0.43 percent respectively, while the Utilities and Properties lost 0.09 percent and 0.71 percent respectively.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed up 0.78 percent to 70.8 HK dollars, while its local unit Hang Seng Bank lost 1.69 percent to 139.8 HK dollars. Local bourse operator HKEx gained 0.29 percent at 176.1 HK dollars.

Blue chips ended mixed. China Merchants Holdings (International) rose 4.84 percent to 29.25 HK dollars. China Unicom (Hong Kong) gained 4.18 percent to 12.96 HK dollars. China Mobile moved up 4. 22 percent to 106.3 HK dollars. Lenovo Group rose 2.34 percent to 12.26 HK dollars.

Mainland-based financial stocks gained ground. China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, advanced 1.77 percent to 6.34 HK dollars. Bank of Communications gained 2.2 percent to 6.5 HK dollars. Bank of China was up 1.64 percent to 4.34 HK dollars.

Casino and gaming stocks, however, suffered losses. Galaxy Entertainment Group retreated 2.34 percent to 41.8 HK dollars. Sands China dropped 1.58 percent to 37.45 HK dollars.

Local developers Hang Lung Properties lost 0.68 percent to 21. 85 HK dollars. Sun Hung Kai Properties, another major developer in Hong Kong, dropped 0.48 percent to 123.3 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, retreated 1.26 percent to 149 HK dollars.

Cathay Pacific Airways lost 1.95 percent to 17.1 HK dollars. PetroChina, the country's largest oil and gas producer, was up 0. 24 percent to 8.54 HK dollars. (1 U.S. dollar equals 7.75 HK dollars) Endi