Hong Kong stocks close up 1.63%

GMT 16:19 2014 Tuesday ,28 October

Arab Today, arab today Hong Kong stocks close up 1.63%

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks closed up 377. 13 points, or 1.63 percent, to 23,520.36 points on Tuesday.
The benchmark Hang Seng Index traded between 23,189.83 and 23, 570.92. Turnover totaled 67.71 billion HK dollars (about 8.73 billion U.S. dollars).
The Hang Seng China Enterprises Index rose 237.25 points, or 2. 30 percent, to close at 10,548.83.
All of the four sub-indices gained ground. The Finance sub- index rose the most at 1.69 percent, followed by Commerce & Industry at 1.66 percent, the Utilities at 1.43 percent, the Properties at 1.31 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.70 percent to close at 78.85 HK dollars. Its local unit Hang Seng Bank gained 1.01 percent to 130 HK dollars.
Bank of East Asia, another Hong Kong's major bank, surged 2.73 percent to 32 HK dollars. Local bourse operator HKEx gained 1.8 percent to 169.2 HK dollars.
Local developers went up in general. Hang Lung Properties surged 2.64 percent to 23.35 HK dollars. Henderson Land, another major developer in Hong Kong, grew 0.97 percent to 52 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, rose 1.28 percent to 134.3 HK dollars. Sun Hung Kai Properties added 0.7 percent to 114.7 HK dollars.
Mainland-based financial stocks ended up. Bank of China gained 2.79 percent to 3.68 HK dollars. Bank of Communications rose 2.69 percent to 5.72 HK dollars. China Construction Bank jumped 2.52 percent to 5.69 HK dollars. ICBC added 2.02 percent to 5.05 HK dollars.
As for energy stocks, PetroChina gained 1.16 percent to 9.57 HK dollars. CNOOC increased 0.97 percent to 12.44 HK dollars. Sinopec added 0.76 percent to 6.66 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)

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