Hong Kong stocks close 0.84% higher

GMT 04:25 2015 Saturday ,25 April

Arab Today, arab today Hong Kong stocks close 0.84% higher

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks moved up 233. 28 points, or 0.84 percent, on Friday to close at 28,060.98 points.

The benchmark Hang Seng Index traded between 27,591.57 and 28, 089.37. Turnover totaled 167.40 billion HK dollars (about 21.6 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 10.79 points, or 0.07 percent, to close at 14,488.99.

All of the four sub-indices gained ground. The Properties sub- index gained the most at 1.17 percent, followed by the Finance at 0.87 percent, the Utilities at 0.75 percent, the Commerce & Industry at 0.71 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, surged 4.23 percent to 73.8 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, gained 0.44 percent to close at 33.5 HK dollars.

Local bourse operator HKEX went down 0.27 percent to 296 HK dollars.

China Mobile, China's dominant mobile carrier, rose 0.61 percent to 115.1 HK dollars. China Unicom, another Chinese telecom giant, gained 2.2 percent to 14.8 HK dollars.

Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 1.1 percent to 125.7 HK dollars. Henderson Land moved up 0.16 percent to 59.1 HK dollars. CKH Holdings increased 1.75 percent to 168 HK dollars.

Mainland-based financial stocks closed lower. Bank of China closed flat at 5.39 HK dollars. China Construction Bank fell 0.26 percent to 7.61 HK dollars. Bank of Communication lost 0.12 percent to 7.85 HK dollars. ICBC retreated 0.44 percent to 6.78 HK dollars.

As for energy stocks, China's top refiner Sinopec gained 0.99 percent to 7.12 HK dollars. PetroChina, the country's largest oil and gas producer, fell 0.89 percent to 9.97 HK dollars. CNOOC rose 1.7 percent to 13.1 HK dollars (1 U.S. dollar equals 7.75 HK dollars)


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