Roundup: HK stocks close 1.05 pct higher

Hong Kong stocks ended higher on Friday with the benchmark Hang Seng index rising 287.37 points, or 1.05 percent to end at 27,577.34 points. Turnover totaled 139.13 billion HK dollars (about 17.93 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 281.19 points, or 2. 04 percent, to close at 14,049.66.

Three sub-indices gain ground, with the Finance sub-index rising the most by 1.42 percent, followed by the Properties 1.29 percent and the Commerce and Industry 0.65 percent. The Utility fell 0.15 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 2.4 percent at 76.55 HK dollars, while its local unit Hang Seng Bank fell 0.3 percent to 153.40 HK dollars. Local bourse operator HKEX climbed 1.3 percent at 283.80 HK dollars.

Local developers Hang Lung Properties closed down 0.6 percent to 24.90 HK dollars. Henderson Land, another major developer in Hong Kong, gained 0.6 percent to 62.10 nHK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, increased 1.2 percent to 163.20 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 up 1.4 percent to 7. 38 HK dollars. ICBC, the world's largest bank by market value, was up 1.9 percent to 6.54 HK dollars. Bank of China closed jumped 2.2 percent to 5.15 HK dollars.

PetroChina, the country's largest oil and gas producer, closed flat at 9.58 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi