Hong Kong stocks close 0.47% higher

08:14, January 14, 2011      

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Hong Kong stocks rose for the third straight day by gaining 113.37 points or 0.47 percent to close at 24,238.98 on Thursday as banks extended their gains.

The benchmark Hang Seng Index opened up 221.73 points at 24,347. 34 and traded between 24,208.45 and 24,378.81 during the day's session. Turnover totaled 94.72 billion HK dollars (about 12.19 billion U.S. dollars).

The Hang Seng China Enterprises Index on Monday went up 55.61 points, or 0.42 percent, to close at 13,182.59.

The four sub-indices ended mixed. The Finance sub-index climbed 0.95 percent, followed by the Commerce and Industry, rising 0.33 percent. While the Properties dipped 0.89 percent and the Utilities edged down 0.04 percent.

Heavyweight HSBC advanced 1.35 percent to close at 86.60 HK dollars. However, its local unit Hang Seng Bank went down 0.61 percent to close at 130.70 HK dollars.

HKEx, the city's sole bourse operator, rose 0.16 percent to 189. 10 HK dollars. China Mobile, the world's largest mobile operator by subscribers, decreased 0.26 percent to 78.10 HK dollars.

Chinese lenders continued the rising trend on Thursday. China Construction Bank rose 1.39 percent to 7.30 HK dollars, with Bank of China up 1.18 percent at 4.28 HK dollars. The world's largest bank by market value ICBC climbed 1.52 percent to 6.02 HK dollars. Bank of Communication ended up 0.75 percent to 8.08 HK dollars.

Hong Kong developers closed under pressures. Cheung Kong Holding, a conglomerate created by Li Ka-shing edged down 0.68 percent to 130.90 HK dollars, Henderson Land fell 1.58 percent to 56.10 HK dollars. Sun Hung Kai Properties dropped 1.44 percent to 136.60 HK dollars, while New World Development closed down 0.25 percent to 16.14 HK dollars.

As for oil shares, PetroChina advanced 2.09 percent to 10.74 HK dollars, offshore oil producer CNOOC lost 0.52 percent to 19.24 HK dollars. Sinopec advanced 1.66 percent to 7.94 HK dollars.

Tencent performed best on Thursday among the blue chips by jumping 4.08 percent to 194.10 HK dollars, while food retailer China Resources Enterprises fell the most, ended down 1.88 percent to 31.30 HK dollars. (7.777 HK dollars = 1 U.S. dollar)

Source: Xinhua
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