Roundup: HK stocks close 0.41 pct lower
Xinhua, May 6, 2015 Adjust font size:
Hong Kong stocks ended lower on Wednesday, with the benchmark Hang Seng index falling 114.63 points, or 0.41 percent to end at 27,640.91 points. Turnover totaled 161.32 billion HK dollars (about 20.79 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 80.27 points, or 0. 57 percent, to close at 13,997.35.
Three sub-indices lost ground, with the Properties sub-index falling the most by 1.39 percent, followed by the Commerce and Industry 0.74 percent and the Utility 0.65 percent. The Finance rose 0.1 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 0.5 percent at 74.45 HK dollars, while its local unit Hang Seng Bank rose 0.5 percent to 153.40 HK dollars. Local bourse operator HKEX slid 1.1 percent at 286.00 HK dollars.
Local developers Hang Lung Properties closed flat at 25.35 HK dollars. Henderson Land, another major developer in Hong Kong, dropped 1.9 percent to 61.95 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka- shing, lost 0.7 percent to 165.30 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, went down 0.1 percent to 7.39 HK dollars. ICBC, the world's largest bank by market value, was down 0.5 percent to 6.49 HK dollars. Bank of China closed flat at 5.12 HK dollars.
PetroChina, the country's largest oil and gas producer, ended down 0.7 percent to 9.86 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi