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Roundup: HK stocks close 1.0 pct higher

Xinhua, July 17, 2015 Adjust font size:

Hong Kong stocks ended higher on Friday with the benchmark Hang Seng index rising 1.0 percent, or 252.49 points to end at 25,415.27 points. Turnover totaled 95.10 billion HK dollars (about 12.26 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 101.06 points, or 0. 86 percent, to close at 11,850.14.

Four sub-indices all gained ground, with the Commerce and Industry sub-index rising the most by 1.40 percent, followed by the Properties 0.83 percent, the Finance 0.80 percent and the Utility 0.23 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.6 percent at 70.30 HK dollars, while its local unit Hang Seng Bank closed up 1.7 percent to 154.40 HK dollars. Local bourse operator HKEX went up 1.1 percent at 234.60 HK dollars.

Local developers Hang Lung Properties rose 1.6 percent to 22.75 HK dollars. Henderson Land, another major developer in Hong Kong, climbed 0.5 percent to 53.65 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka- shing, increased 2.7 percent to 115.10 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 0.6 percent to 6. 54 HK dollars. ICBC, the world's largest bank by market value, was up 0.2 percent to 5.69 HK dollars. Bank of China advanced 0.5 percent to 4.47 HK dollars.

PetroChina, the country's largest oil and gas producer, closed flat at 8.01 HK dollars. (1 U.S. dollar equals 7.761 HK dollars) Endi