Roundup: HK stocks close 0.63 pct higher

Hong Kong stocks ended higher on Monday with the benchmark Hang Seng index rising 172.97 points, or 0.63 percent to end at 27,597.16 points. Turnover totaled 164.84 billion HK dollars (about 21.24 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 195.64 points, or 1. 39 percent, to close at 14,299.45.

Four sub-indices all gain ground, with the Properties sub-index rising the most by 1.32 percent, followed by the Finance 0.76 percent and, the Utility 0.38 percent and the Commerce and Industry 0.35 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.4 percent at 73.85 HK dollars, while its local unit Hang Seng Bank closed flat at 155.60 HK dollars. Local bourse operator HKEX climbed 1.2 percent at 302.00 HK dollars.

Local developers Hang Lung Properties closed up 0.4 percent to 24.60 HK dollars. Henderson Land, another major developer in Hong Kong, gained 0.5 percent to 62.85 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, increased 1.4 percent to 122.70 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 0.4 percent to 7. 82 HK dollars. ICBC, the world's largest bank by market value, was up 1.0 percent to 6.82 HK dollars. Bank of China closed jumped 1.2 percent to 5.21 HK dollars.

PetroChina, the country's largest oil and gas producer, lost 0. 2 percent to 9.17 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi