Roundup: HK stocks close 1.22 pct higher

Hong Kong stocks rose 328 points, or 1.22 percent, to end at 27,272.39 points on Friday.

The benchmark Hang Seng index traded between 26,812.75 and 27, 373.68. Turnover totaled 221.15 billion HK dollars (about 28.42 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 239.16 points, or 1. 74 percent, to close at 13,987.53.

Four sub-indices all gained ground, with the Finance sub-index rising the most by 1.41 percent, followed by the Properties 1.13 percent, the Utility 1.11 percent and the Commerce and Industry 0. 11 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.9 percent at 69.20 HK dollars, while its local unit Hang Seng Bank added 0.7 percent to 143.30 HK dollars. Local bourse operator HKEX advanced 3.9 percent at 249.00 HK dollars.

Local developers Hang Lung Properties increased 3.2 percent to 24.15 HK dollars. Henderson Land, another major developer in Hong Kong, climbed 2.7 percent to 60.00 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, gained 1.1 percent to 167.60 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, rose 1.1 percent to 7.10 HK dollars. ICBC, the world's largest bank by market value, was up 1.0 percent to 6.27 HK dollars. Bank of China jumped 2.2 percent to 5.02 HK dollars.

PetroChina, the country's largest oil and gas producer, went up 0.2 percent to 9.95 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi