Hong Kong stocks close 0.31% higher

GMT 04:56 2014 Friday ,30 May

Arab Today, arab today Hong Kong stocks close 0.31% higher

Hong Kong stocks close 0.31% higher
Hong Kong - XINHUA

 Hong Kong stocks went up 71.51 points, or 0.31 percent, to close on Friday at 23,081.65 points.
The benchmark Hang Seng Index traded between 23,178.60 and 22, 933.71. Turnover totaled 75.40 billion HK dollars (about 9.73 billion U.S.dollars).
The Hang Seng China Enterprises Index ended up 0.63 percent,to close at 10,249.69.
Three sub-indices ended higher with the Finance closed up 0.51 percent,the Properties ended up 1.14 percent and the Utilities ended up 0.02 percent. One sub-indice ended lower with the Commerce and Industry closed down 0.08 percent.
The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended up 0.18 percent to 81.75 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, ended down 1.41 percent to 31.55 HK dollars.
China Mobile, China's dominant mobile carrier, closed down 0.39 percent to 75.85 HK dollars, while another Chinese telecom giant China Unicom ended up 2.47 percent to 11.60 HK dollars.
Local bourse operator HKEX, moved down 0.48 percent to 144.30 HK dollars.
For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended up 1.44 percent to 106. 00 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, ended up 1.10 percent to 138.50 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, ended up 0.18 percent to 5.69 HK dollars.
ICBC, the world's largest bank by market value, ended up 0.40 percent to 5.04 HK dollars. Bank of China ended up 1.93 percent to 3.69 HK dollars.
As for energy stocks, China's top refiner Sinopec ended down 0. 57 percent to 7.03 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 0.33 percent to 9.25 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)

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