Hong Kong stocks close 0.67 pct lower

08:12, January 11, 2011      

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Hong Kong stocks went down 159. 37 points, or 0.67 percent to close at 23,527.26 on Monday, tracking losses on Mainland markets.

The benchmark Hang Seng Index opened up 28.84 points at 23,715. 47 and traded between 23,783.83 and 23,481.80 during the day's session. Turnover totaled 81.28 billion HK dollars (about 10.45 billion U.S. dollars).

The Hang Seng China Enterprises Index on Monday went down 119. 12 points, or 0.92 percent, to close at 12,806.59.

All the four sub-indices lost ground. The Finance sub-index was the biggest loser, dropping 1.06 percent, followed by the Properties, falling 0.76 percent, the Utilities, 0.59 percent, the Commerce and Industry, 0.20 percent.

Heavyweight HSBC lost 1.27 percent to close at 81.70 HK dollars. Its local unit Hang Seng Bank down 1.87 percent to close at 130.90 HK dollars.

HKEx, the city's sole bourse operator, fell 1.25 percent to 182. 20 HK dollars. China Mobile, the world's largest mobile operator by subscribers, fell 0.71 percent to 76.45 HK dollars.

Chinese lenders extended losses on Monday. China Construction Bank fell 0.28 percent to 7.04 HK dollars, Bank of China down 0.24 percent at 4.13 HK dollars. The world's largest bank by market value ICBC dropped 1.02 percent to 5.81 HK dollars. Agricultural Bank of China, the last of China's "big four" state-owned lenders to go public, plunged 1.75 percent to 3.92 HK dollars.

Hong Kong developers closed mixed. Cheung Kong Holding, a conglomerate created by Li Ka-shing edged up 0.31 percent to 129. 80 HK dollars, Henderson Land fell 0.62 percent to 56 HK dollars, Sun Hung Kai Properties down 0.29 percent to 136.30 HK dollars,

As for oil shares, PetroChina lost 0.39 percent to 10.14 HK dollars, offshore oil producer CNOOC added 1.31 percent to 18.62 HK dollars. Sinopec fell 1.42 percent to 7.63 HK dollars. (7.775 HK dollars = 1 U.S. dollar)

Source: Xinhua
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