Hong Kong stocks close 0.33% higher

GMT 05:45 2014 Tuesday ,24 June

Arab Today, arab today Hong Kong stocks close 0.33% higher

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks ended 0.33 percent higher on Tuesday, with the benchmark Hang Seng index rising 75.83 points to end at 22,880.64 points, after trading between 22,832.91 and 22,946.10.
Turnover totaled 43.99 billion HK dollars (about 5.67 billion U. S. dollars).
The Hang Seng China Enterprises Index rose 52.06 points, or 0. 51 percent, to close at 10,250.16.
Three sub-indices gained ground, with the Utility sub-index rising the most by 1.16 percent, followed by the Finance 0.46 percent and the Commerce and Industry 0.18 percent. The Properties lost 0.05 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 0.2 percent higher at 79.95 HK dollars, while its local unit Hang Seng Bank closed up 0.2 percent at 126. 00 HK dollars. Bank of East Asia, another Hong Kong's major bank, was up 0.6 percent at 31.90 HK dollars. Local bourse operator HKEX gained 1.1 percent at 144.00 HK dollars.
Local developers Hang Lung Properties closed 0.2 percent lower at 23.50 HK dollars. Henderson Land, another major developer in Hong Kong, declined 0.1 percent to 45.30 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, was up 0.4 percent to 134.30 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, climbed 0.5 percent to 5. 75 HK dollars. ICBC, the world's largest bank by market value, closed flat at 4.84 HK dollars. Bank of China increased 1.2 percent to 3.42 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, ended up 1.0 percent at 5.31 HK dollars.
PetroChina, the country's largest oil and gas producer, retreated 0.4 percent to 9.62 HK dollars. (1 U.S. dollar equals 7. 761 HK dollars)


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