Hong Kong stocks end 1.29 pct higher

18:10, September 17, 2010      

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Hong Kong stocks closed much higher on Friday, with the weighted index gaining 279.41 points, or 1.29 percent, to end at 21,970.86.

The benchmark Hang Seng Index opened up at 21,744.53 and traded between 21,713.67 and 21,988.87 during the day's session. Turnover totaled 78.85 billion HK dollars compared with Thursday's 69.39 billion HK dollars.

The Hang Seng China Enterprises Index went up 169.78, or 1.41 percent, to close at 12,171.19 HK dollars.

All four sub-indices gained ground. The Commerce and Industry sub-index rose 1.48 percent, the finance added 1.13 percent, the properties, 1.36 percent, the utilities, 1.06 percent.

Heavyweight HSBC went up 1.10 percent to 82.60 HK dollars, and China Mobile edged up 1.29 percent to 78.80 HK dollars.

Chinese mainland lenders closed higher. Bank of China increased 0.99 percent to 4.08 HK dollars. ICBC inched up 0.84 percent to 5. 95 HK dollars. China Construction Bank rose 2.39 percent to 6.86 HK dollars. Bank of Communications up 0.12 percent to 8.48 HK dollars.

As for local developers, Cheung Kong, a flagship of Hong Kong led by billionaire Li Ka-shing, was 1.84 percent higher at 105.00 HK dollars. Henderson moved up 1.00 percent to 50.30 HK dollars. SHK rose 2.56 percent to 120.40 HK dollars. However, Hang Lung lost 0.93 percent to 37.20 Hk dollars.

PetroChina up 0.70 percent at 8.61 HK dollars, offshore oil producer CNOOC gained 0.82 percent at 14.72 HK dollars. Sinopec ended up 0.36 percent at 6.52 HK dollars. (7.766 HK dollars =1 U.S. dollar)

Source: Xinhua

(Editor:李牧(实习))

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