Hong Kong stocks close 0.49% higher

GMT 15:29 2014 Tuesday ,15 July

Arab Today, arab today Hong Kong stocks close 0.49% higher

Hong Kong stock markets dip
Hong Kong - XINHUA

 Hong Kong stocks closed up 113. 29 points, or 0.49 percent, to close at 23,459.96 points on Tuesday.
The benchmark Hang Seng Index traded between 23,398.25 and 23, 496.57. Turnover totaled 52.01 billion HK dollars (about 6.70 billion U.S. dollars), up from Monday's 47.73 billion HK dollars.
The Hang Seng China Enterprises Index went up 31.38 points, or 0.30 percent, to close at 10,489.15.
The four sub-indices rose, the Commerce & Industry rose 1.04 percent, the Utilities went up 0.20 percent, the Properties climbed 0.12 percent and the finance sub-indice closed up 0.09 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, closed 0.13 percent higher at 79.25 HK dollars. Its local unit Hang Seng Bank closed up 0.31 percent at 128.80 HK dollars. Bank of East Asia, another Hong Kong's major bank, kept flat at 32.15 HK dollars. Local bourse operator HKEX rose 0.13 percent to 153.90 HK dollars.
As for the local developers, Cheung Kong Holding, a powerful HK- based developer owned by billionaire Li Ka-shing, went down 0.64 percent to 139.10 HK dollars. Henderson Land went up 0.99 percent at 45.70 HK dollars. Sun Hung Kai Properties, another major developer, gained 0.57 percent to 105.8 HK dollars. Hang Lung Properties was down 0.64 percent to 23.45 HK dollars.
Mainland-based financial stocks were relatively stable in general. ICBC fell 0.20 percent to 5.00 HK dollars, Bank of China went up 0.57 percent to 3.52 HK dollars. China Construction Bank and Bank of Communications kept flat at 5.58 and 5.23 HK dollars.
As for energy stocks, PetroChina increased 0.90 percent at 10. 08 HK dollars. CNOOC rose 0.75 percent to 13.46 HK dollars. Sinopec gained 1.25 percent to 7.30 HK dollars (1 U.S. dollar equals 7.76 HK dollars)..

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