Hong Kong stocks close 0.57% lower

GMT 11:49 2015 Monday ,05 January

Arab Today, arab today Hong Kong stocks close 0.57% lower

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks closed down 136. 50 points, or 0.57 percent, to 23,721.32 points on Monday.
The benchmark Hang Seng Index traded between 23,655.52 and 23, 998.87. Turnover totaled 111.73 billion HK dollars (about 14.42 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 38.64 points, or 0. 32 percent, to close at 12,206.71.
All of the four sub-indices lost ground. The utilities sub- index dropped the most at 1.52 percent, followed by Finance at 0. 71 percent, the Commerce & Industry at 0.37 percent, the Properties at 0.37 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, dropped 1.49 percent to close at 72.90 HK dollars. Its local unit Hang Seng Bank fell 1.24 percent to 127.90 HK dollars.
Bank of East Asia, another Hong Kong's major bank, lowered 0.48 percent to 31.15 HK dollars. Local bourse operator HKEx surged 2. 49 percent to 177.30 HK dollars.
Local developers closed down. Hang Lung Properties fell 1.6 percent to 21.55 HK dollars. Henderson Land, another major developer in Hong Kong, fell 1.37 percent to 54.15 HK dollars.
Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, fell 0.99 percent to 130.40 HK dollars. Sun Hung Kai Properties decreased 0.76 percent to 117.60 HK dollars.
Mainland-based financial stocks closed mixed. Bank of China edged up 0.23 percent to 4.44 HK dollars. Bank of Communications sank 2.18 percent to 7.18 HK dollars. China Construction Bank gained 0.31 percent to 6.52 HK dollars. ICBC rose 0.52 percent to 5.80 HK dollars.
As for energy stocks, PetroChina rose 0.58 percent to 8.74 HK dollars. CNOOC gained 0.19 percent to 10.64 HK dollars. Sinopec moved up 1.27 percent to 6.36 HK dollars. (1 U.S. dollar equals 7. 75 HK dollars)


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