Roundup: Hong Kong stocks close 1.96 pct higher

Hong Kong stocks closed up 535.73 points, or 1.96 percent to 27,822.28 points on Friday.

The benchmark Hang Seng Index traded between 27,315.10 and 27, 928.60. Turnover totaled 137.82 billion HK dollars (about 17.78 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 233.81 points, or 1.70 percent, to close at 14,009.76 points.

All of the four sub-indices gained ground. The Properties sub- index rose the most at 2.27 percent, followed by the Finance at 2. 19 percent, the Commerce & Industry at 1.69 percent, and the Utilities at 1.03 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, added 1.13 percent to 75.65 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, rose 2 percent to close at 34.1 HK dollars.

Local bourse operator HKEX went rocketed 5 percent to 289.6 HK dollars.

China Mobile, China's dominant mobile carrier, surged 3.61 percent to 109 HK dollars. China Unicom, another Chinese telecom giant, moved up 2.02 percent to 14.12 HK dollars.

Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 1.85 percent to 132.1 HK dollars. Henderson Land gained 2.1 percent to 63.2 HK dollars. CKH Holdings surged 4 percent to 168.5 HK dollars.

Mainland-based financial stocks closed higher. Bank of China increased 1.97 percent to close at 5.16 HK dollars. China Construction Bank rose 1.77 percent to 7.44 HK dollars. Bank of Communication added 1.59 percent to 7.65 HK dollars. ICBC moved up 1.84 percent to 6.61 HK dollars.

As for energy stocks, China's top refiner Sinopec grew 0.43 percent to 6.93 HK dollars. PetroChina, the country's largest oil and gas producer, rose 1.92 percent to 9.55 HK dollars. CNOOC added 0.8 percent to 12.58 HK dollars (1 U.S. dollar equals 7.75 HK dollars) Endi