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Roundup: Hong Kong stocks close 0.91 higher

Xinhua, March 18, 2015 Adjust font size:

Hong Kong stocks moved up 218. 59 points, or 0.91 percent, to close on Wednesday at 24,120.08 points.

The benchmark Hang Seng Index traded between 23,938.63 and 24, 210.75. Turnover totaled 96.25 billion HK dollars (about 12.40 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 144.19 points, or 1.22 percent, to close at 11,981.97.

All of the four sub-indices gained ground with the Commerce & Industry sub-index rising the most at 1.15 percent, followed by the Finance at 0.91 percent, the Utilities at 0.53 percent, while the Properties gained 0.27 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved up 1.31 percent to 65.90 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, climbed 1.03 percent to close at 29.40 HK dollars.

Local bourse operator HKEX grew 0.34 percent to 175.9 HK dollars.

China Mobile, China's dominant mobile carrier, gained 1.27 percent to 103.5 HK dollars. Another Chinese telecom giant, China Unicom, rose 0.51 percent to 11.84 HK dollars.

As for local property stocks, Sun Hung Kai, one of Hong Kong's largest property developer by market value, ended flat at 116 HK dollars. Henderson Land rose 0.9 percent to 50.65 HK dollars. CKH Holdings, listed on the Main Board by way of introduction on Wednesday, grew 0.94 percent to 151.5 HK dollars.

Mainland-based financial stocks ended higher in general. Bank of China went up 0.91 percent to 4.42 HK dollars. China Construction Bank rose 1.1 percent to 6.43 HK dollars. Bank of Communication rose 1.52 percent to 6.69 HK dollars. ICBC added 1. 07 percent to 5.65 HK dollars.

As for energy stocks, China's top refiner Sinopec ended up 0.66 percent to 6.15 HK dollars. PetroChina, the country's largest oil and gas producer, gained 1.35 percent to 8.24 HK dollars. CNOOC rose 1.76 percent to 10.4 HK dollars (1 U.S. dollar equals 7.76 HK dollars) Endi