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Roundup: Hong Kong stocks close 2.07 pct higher

Xinhua, January 19, 2016 Adjust font size:

Hong Kong stocks moved up 398.36 points, or 2.07 percent, to close at 19,635.81 points on Tuesday.

The benchmark Hang Seng Index traded between 19,204.22 and 19,647.75. Turnover totaled 83 billion HK dollars (about 10.64 billion U.S. dollars).

The Hang Seng China Enterprises Index moved up 242.99 points, or 2.99 percent, to close at 8,377.8 points.

Four sub-indices gained ground, with the Commerce and Industry sub-index rising the most by 2.51 percent, followed by the Properties 2.32 percent, the Finance 1.85 percent, and the Utilities 0.38 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.18 percent to 54.45 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, advanced 1.96 percent to close at 23.45 HK dollars.

Local bourse operator HKEX gained 2.67 percent to 177.1 HK dollars.

China Mobile, China's dominant mobile carrier, went up 3.37 percent to 82.8 HK dollars. China Unicom, another Chinese telecom giant, advanced 3.59 percent to 8.66 HK dollars.

Sun Hung Kai, one of Hong Kong's largest property developers by market value, closed up 1.78 percent to 85.85 HK dollars. Henderson Land ended 3.12 percent higher at 42.95 HK dollars.

Mainland-based financial stocks ended higher. Bank of China went up 2.01 percent to 3.05 HK dollars. China Construction Bank gained 1.94 percent to 4.74 HK dollars. ICBC closed up 1.51 percent to 4.04 HK dollars.

As for energy stocks, China's top refiner Sinopec moved up 3.73 percent to 4.17 HK dollars. PetroChina, the country's largest oil and gas producer, advanced 4.9 percent to 4.5 HK dollars. Endit