Roundup: Hong Kong stocks close 0.11 pct higher

Hong Kong stocks moved up 28.21 points, or 0.11 percent, to close on Wednesday at 24,778.28 points.

The benchmark Hang Seng Index traded between 24,691.78 and 24, 869.37. Turnover totaled 71.38 billion HK dollars (about 9.2 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 18.60 points, or 0.15 percent, to close at 12,064.80.

Three of the four sub-indices gained ground. The Utilities sub- index rose the most at 1.16 percent, followed by the Properties at 0.54 percent, the Finance at 0.14 percent, while the Commerce and Industry lowered at 0.17 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, gained 0.86 percent to 70.05 HK dollars. Bank of East Asia, another major bank in Hong Kong, rose 0.48 percent to 31.75 HK dollars.

Local bourse operator HKEX edged up 0.06 percent to 177.6 HK dollars.

China Mobile, China's dominant mobile carrier, rose 0.09 percent to 106 HK dollars. China Unicom, another Chinese telecom giant, lowered 1.84 percent at 13.8 HK dollars.

Local property shares closed mixed. Sun Hung Kai, one of Hong Kong's largest property developer by market value, dipped 0.08 percent to 123.9 HK dollars. Cheung Kong properties, controlled by billionaire Li Ka-shing, went up 0.46 percent to 152 HK dollars. Hang Lung gained 0.23 percent to 22.1 HK dollars.

As for mainland-based financial stocks, Bank of China rose 0.46 percent at 4.42 HK dollars. Bank of Communications rose 0.46 percent to 6.59 HK dollars. China Construction Bank lowered 0.46 HK dollars at 6.42 HK dollars. ICBC fell 0.7 percent at 5.66 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 0.31 percent to 6.44 HK dollars. PetroChina, the country's largest oil and gas producer, gained 0.34 percent to 8.84 HK dollars. CNOOC fell 0.55 percent to 10.9 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi