Roundup: Hong Kong stocks close 0.31 lower

Hong Kong stocks moved down 86. 59 points, or 0.31 percent, on Friday at 27,653.12 points.

The benchmark Hang Seng Index traded between 27,597.68 and 27, 969.41. Turnover totaled 214.52 billion HK dollars (about 27.68 billion U.S. dollars).

The Hang Seng China Enterprises Index dropped 183.46 points, or 1.25 percent, to close at 14,536.67.

Two sub-indices gained ground with the Properties edged up 0.21 percent, the Commerce and Industry ended up 0.16 percent. Two sub- indices lost ground with the Utilities dipping 0.73 percent and the Finance plunging 0.73 percent.

The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged up 0.21 percent to 70.55 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, gained 1.06 percent to 33.25 HK dollars.

Local bourse operator HKEX rose 0.42 percent to 283.60 HK dollars.

China Mobile, China's dominant mobile carrier, jumped 2.09 percent to 107.70 HK dollars, while another Chinese telecom giant China Unicom ended down 0.58 percent to 13.68 HK dollars.

For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, lost 0.16 percent 125. 80 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 down 2.44 percent to 7.61 HK dollars.

ICBC, the world's largest bank by market value, decreased 2.16 percent with 6.79 HK dollars. Bank of China ended down 2.54 percent to 5.38 HK dollars.

As for energy stocks, China's top refiner Sinopec climbed 0.43 percent to 7.01 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 1.14 percent to 10.62 HK dollars. (1 U. S. dollar equals 7.75 HK dollars) Endi