Roundup: Hong Kong stocks close 0.21 percent higher

Hong Kong stocks moved up 57.33 points, or 0.21 percent, on Wednesday at 27,618.82 points.

The benchmark Hang Seng Index traded between 27,442.52 and 27, 807.98. Turnover totaled 216.15 billion HK dollars (about 27.89 billion U.S.dollars).

The Hang Seng China Enterprises Index ended up 207.01 points, or 1.45 percent, to close at 14,471.82.

Three sub-indices lost ground with the Properties moved down 0. 43 percent, the Commerce and Industry ended down 1.08 percent and the Utilities moved down 0.36 percent. One sub-indice gained ground with the Finance moved up 1.42 percent.

The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged up 0.21 percent to 70.80 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, ended down 0.91 percent to 32.85 HK dollars.

Local bourse operator HKEX ended down 0.14 percent to 285.20 HK dollars.

China Mobile, China's dominant mobile carrier, moved down 2.65 percent to 106.40 HK dollars, while another Chinese telecom giant China Unicom moved up 1.48 percent to 13.76 HK dollars.

For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, ended up 0.08 percent to 126.00 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, moved up 4.39 percent to 7.84 HK dollars.

ICBC, the world's largest bank by market value, moved up 4.86 percent with 6.91 HK dollars. Bank of China ended up 3.56 percent to 5.53 HK dollars.

As for energy stocks, China's top refiner Sinopec ended up 2.11 percent to 6.78 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 1.71 percent to 10.10 HK dollars. (1 U. S. dollar equals 7.75 HK dollars) Endi