Hong Kong stocks close down 0.01%

GMT 13:37 2014 Tuesday ,02 September

Arab Today, arab today Hong Kong stocks close down 0.01%

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks dropped 3.07 points, or 0.01 percent, to close on Tuesday at 24,749.02 points, after .
The benchmark Hang Seng Index traded between 24,816.89 and 24, 576.23. Turnover totaled 70.56 billion HK dollars (9.1 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 7.35 points, or 0.07 percent, to close at 10,966.16.
Three of the four sub-indices gained ground. The Commerce & Industry and the Utilities sub-indices rose 0.13 percent and 0.45 percent respectively. The Properties sub-index was up 0.54 percent, while the Finance was down 0.31 percent.
China Unicom led the rally of blue chips, with its shares up 4. 1 percent to 14.14 HK dollars. China Mobile gained 2.1 percent to 98 HK dollars. China Telecom was up 3.34 percent to 4.95 HK dollars.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged down 0.48 percent to close at 83.2 HK dollars. Its local unit Hang Seng Bank lost 0.46 percent to 131.1 HK dollars. Bank of East Asia, another Hong Kong's major bank, rose 0.15 percent to 33.1 dollars. Local bourse operator HKEX rose 0.86 percent to 176.6 HK dollars.
Local developers closed up in general. Sino Land rose 2.2 percent to 13.92 HK dollars. Sun Hung Kai Properties ended up 0.17 percent to 117.7 HK dollars. While Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, slid 0. 14 percent to 141.4 HK dollars.
Mainland-based financial stocks dropped over the news that China's new loans in August would likely stand at some 700 billion yuan (116.7 billion U.S. dollars), lower than earlier market expectation.
ICBC lost 0.79 percent to 5.05 HK dollars. China Construction Bank dropped 0.53 percent to 5.68 HK dollars. Bank of China ended flat at 3.59 HK dollars.

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