Hong Kong shares opened 1.34 percent higher on Thursday and reached its day-high at 21,323 points, which is the highest within a year.
The benchmark index opened up and fluctuated around high levels but the gain narrowed down in the afternoon as mainland market lose. It closed 218.52 points, or 1.05 percent, higher at 21,069. 56 points.
Turnover moved up to 67.6 billion HK dollars (8.73 billion U.S. dollars) from Wednesday's 62.59 billion HK dollars (8.08 billion U. S. dollars).
The commerce and industry sub-index was the biggest gainers among the four major stock categories, closing 1.18 percent up. The finance rose 1.02 percent, properties gained 0.96 percent and utilities moved up 0.53 percent.
China Enterprises Index went up 111.28 points, or 0.92 percent, to close at 12,216.82 points.
Blue-chips closed up in general. Heavyweight China Mobile, by far the largest mobile carrier in the mainland, rose 1.47 percent to 79.6 HK dollars. Banking giant HSBC Holdings ended 0.78 percent up to close at 83.95 HK dollars.
Local properties also gained. Cheung Kong, the flagship of HongKong's richest man Li Ka-shing, went up 0.31 percent to 96.1 HK dollars. SHK Properties rose 0.7 percent to 114.5 HK dollars. Henderson Land rose 2.21 percent to 50.8 HK dollars.
Mainland-based commercial lenders ended up. Bank of China ended up 2.17 percent to at 4.24 HK dollars. ICBC rose 2.25 percent to 5. 91 HK dollars. CCB moved up 1.12 percent to 6.29 HK dollars.
Chinese insurance shares closed mixed. China Life went up 0.43 percent 34.7 to HK dollars. Ping An rose 1.27 percent to 63.8 HK dollars. PICC P&C lose 0.38 percent to 5.29 HK dollars.
As for energy shares, PetroChina surged 1.02 percent to 9.04 HK dollars, off-shore oil producer CNOOC rose 1.70 percent to 10.78 HK dollars, while Sinopec Corp moved up 1.18 percent to 6.85 HK dollars. (7.8 HK dollars = 1 U.S. dollar)