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Roundup: Hong Kong stocks close 1.7 pct higher

Xinhua, May 22, 2015 Adjust font size:

Hong Kong stocks rose 469.11 points, or 1.7 percent, to close on Friday at 27,992.83 points.

The benchmark Hang Seng Index traded between 27,696.97 and 28, 041.32. Turnover totaled 142.59 billion HK dollars (18.4 billion U. S. dollars).

The Hang Seng China Enterprises Index ended up 301.2 points, or 2.13 percent, to close at 14,433.36 points.

All of the four sub-indices gained ground. The Finance sub- index rose the most at 2.05 percent, followed by the Commerce & Industry at 1.52 percent, the Properties at 1.33 percent and the Utilities at 0.41 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.21 percent to 75.15 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, rose 2.61 percent to close at 35.4 HK dollars.

Local bourse operator HKEX rose 1.73 percent to 293.6 HK dollars.

China Mobile, China's dominant mobile carrier, advanced 2.32 percent to 105.8 HK dollars. China Unicom, another Chinese telecom giant, gained 0.74 percent to 13.64 HK dollars.

Local property stocks closed higher in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 1.76 percent to 133.3 HK dollars. Henderson Land gained 1.74 percent to 64.25 HK dollars. CKH Holdings advanced 0.53 percent to 172.2 HK dollars.

Mainland-based financial stocks closed higher in general. Bank of China gained 2.13 percent to close at 5.27 HK dollars. Bank of Communication rose 0.54 percent to 7.52 HK dollars. ICBC closed 1. 49 percent higher at 6.8 HK dollars, and China Construction Bank gained 1.85 percent to 7.72 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 2.79 percent to 7.01 HK dollars. PetroChina, the country's largest oil and gas producer, gained 1.17 percent to 9.53 HK dollars. CNOOC rose 1.77 percent to 12.68 HK dollars. (1 U.S. dollar equals 7.75 HK dollars) Endi