Hong Kong stocks fall 0.45%

GMT 16:45 2014 Thursday ,27 November

Arab Today, arab today Hong Kong stocks fall 0.45%

Hong Kong stocks
Hong Kong - XINHUA

Hong Kong stocks moved down 107. 7 points, or 0.45 percent, to close at 24,004.28 on Thursday.
The benchmark Hang Seng Index traded between 23,962.33 and 24, 228.11. Turnover totaled 72.89 billion HK dollars (about 9.4 billion U.S. dollars).
The Hang Seng China Enterprises Index fell 0.34 percent, or 37. 48 points, to close at 11,013.87.
All of the four sub-indices closed lower. The Finance dropped 0. 35 percent; the Utilities retreated 0.87 percent; the Properties dipped 0.45 percent; the Commerce and Industry edged down 0.51 percent.
Energy shares led the declines. Kunlun Energy dipped 2.48 percent to close at 8.66 HK dollars. PetroChina, the country's leading oil producer, fell 0.68 percent to 8.7 HK dollars. Sinopec, the nation's top oil refiner, dropped 0.15 percent to 6.43 HK dollars.
Property developers also posted lackluster performances. China Resources Land closed 1.34 percent lower at 19.12 HK dollars, while Hang Lung Properties ended 1.27 percent lower at 23.3 HK dollars.
Bucking the trend, financial shares fared better. Bank of Communications rose 0.83 percent to close at 6.04 HK dollars. The Industrial and Commercial Bank of China increased 0.19 percent to finish at 5.18 HK dollars. China Life Insurance edged up 0.75 percent to 27 HK dollars.
As for other heavyweights, banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.51 percent to 77.5 HK dollars. Sun Hung Kai, HK's largest property developer by market value, ended 0.61 percent lower to 114 HK dollars.


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