Roundup: Hong Kong stocks close 0.51 pct higher
Xinhua, May 11, 2015 Adjust font size:
Hong Kong stocks closed up 140.86 points, or 0.51 percent to 27,718.20 points on Monday.
The benchmark Hang Seng Index traded between 27,582.23 and 27, 837.28. Turnover totaled 130.97 billion HK dollars (about 16.89 billion U.S. dollars).
The Hang Seng China Enterprises Index ended up 133.32 points, or 0.95 percent, to close at 14,182.98.
Three of the four sub-indices gained ground. The Commerce & Industry sub-index gained the most at 0.91 percent, followed by the Properties at 0.56 percent, the Finance at 0.28 percent, while the Utilities lost 0.41 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dropped 1.05 percent to 75.75 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, closed flat at 33.85 HK dollars.
Local bourse operator HKEX went up 1.9 percent to 289.2 HK dollars.
China Mobile, China's dominant mobile carrier, fell 0.46 percent to 107.7 HK dollars. China Unicom, another Chinese telecom giant, gained 1.96 percent to 14.56 HK dollars.
Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 0.3 percent to 131.5 HK dollars. Henderson Land moved up 0.8 percent to 62.6 HK dollars. CKH Holdings retreated 0.3 percent to 162.7 HK dollars.
Mainland-based financial stocks closed mixed. Bank of China rose 1.35 percent to close at 5.22 HK dollars. China Construction Bank fell 0.13 percent to 7.37 HK dollars. Bank of Communication gained 1.31 percent to 7.31 HK dollars. ICBC added 0.61 percent to 6.58 HK dollars.
As for energy stocks, China's top refiner Sinopec gained 0.56 percent to 7.1 HK dollars. PetroChina, the country's largest oil and gas producer, fell 0.62 percent to 9.52 HK dollars. CNOOC rose 1.42 percent to 12.86 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi