Hong Kong stocks close 0.08% lower

GMT 05:00 2014 Monday ,16 June

Arab Today, arab today Hong Kong stocks close 0.08% lower

Hong Kong stocks close lower
Hong Kong - XINHUA

Hong Kong stocks went down 18.5 points, or 0.08 percent, to close on Monday at 23,300.67 points.
The benchmark Hang Seng Index traded between 23,340.42 and 23, 232.56. Turnover totaled 47.83 billion HK dollars (about 6.17 billion U.S. dollars).
The Hang Seng China Enterprises Index ended up 5.15, or 0.05 percent to close at 10,522.13.
Three of the four sub-indices lost ground. The Finance sub- index went down 0.15 percent, the Commerce and Industry and the Utilities dipped 0.07 percent and 0.03 percent respectively. The Properties closed up 0.19 percent.
The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended down 0.25 percent to 81.15 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, ended up 0.31 percent to 32.45 HK dollars.
China Mobile, China's dominant mobile carrier, ended 0.46 percent lower at 75.45 HK dollars, while another Chinese telecom giant China Unicom ended up 0.5 percent to 12.02 HK dollars.
Local bourse operator HKEX ended 0.48 percent higher at 147 HK dollars.
As for the local property stocks, Cheung Kong properties, controlled by billionaire Li Ka-shing, ended up 0.95 percent to 134.90 HK dollars. Sun Hung Kai, HK's largest property developer by market value, ended up 0.09 percent to 106.90 HK dollars. Another major developer Henderson Land closed flat at 46.40 HK dollars.
Mainland-based financial stocks went down. Bank of China lowered 0.53 percent to 3.74 HK dollars. Bank of Communications ended flat at 5.38 HK dollars. China Construction Bank lowered 0. 68 percent to 5.83 HK dollars. ICBC fell 0.2 percent to 4.95 HK dollars.


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