HK stocks close slightly down

18:08, May 20, 2010      

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Hong Kong shares trimmed losses in the afternoon session and closed slightly lower on Thursday.

The benchmark Hang Seng index closed down 33. 15 points, or 0. 17 percent, to end at 19,545.83, after trading between a day high of 19,747.16 and a day low of 19,276.46 points.

The H-share index, which track the overall performance of 44 major Chinese mainland State-owned enterprises, staged poorer performance than the Hang Seng Index by falling 0.69 percent, or 76.21 points, to end at 11,048.38 points.

Turnover totaled 71.1 billion HK dollars (9.1 billion U.S. dollars) compared with Wednesday's 58.52 billion HK dollars.

H-share heavyweights closed mixed. Shares of Sinopec, Asia's largest oil refiner, rose 1.03 percent to 5.9 HK dollars. While PetroChina, the country's largest oil producer, edged down 0.96 percent to close at 8.23 HK dollars per share.

Another oil firm CNOOC, the HK-listed unit of China's National Offshore Oil Corp., rose 0.66 percent to 12.22 HK dollars after tumbling 4.26 percent on Wednesday.

Chalco, China's top aluminum producer which is also one of the 43 constituent stocks of the Hang Seng Index, lost 2.89 percent to 6.05 HK dollars after a 5.89 percent plunge in the previous trading day.

Shares of the ICBC, the world's largest bank by market value, fell for the second consecutive day by falling 0.73 percent to 5. 47 HK dollars. China Construction Bank, one of the country's four largest State-owned banks, edged down 0.32 percent to 6.15 HK dollars.

Another major lender, Bank of China, closed unchanged at 3.94 HK dollars per share.

China Mobile, the world's largest mobile operator by subscribers, edged up 0.4 percent to 74.65 HK dollars. Shares of the HSBC, one of the world's biggest banks, rose 0.69 percent to end at 72.65 HK dollars.

Hutchison Whampoa, the world's biggest container terminal operator, fell 1.11 percent to 48.80 HK dollars. China Resources Land, the Hong Kong-listed real estate unit of the State-owned China Resources, lost 2.92 percent to 24.95 HK dollars.

Hong Kong e-commerce company New World CyberBase tumbled 7.27 percent to end at 2.68 HK dollars.

NVC Lighting, one of the Chinese mainland's leading suppliers of lighting products which debuted in the Hong Kong stock exchange in the day, closed at 2.04 HK dollars, down 2.86 percent compared with its IPO price of 2.1 HK dollars.

The Hong Kong stock exchange will be closed on Friday for holiday. For the entire week, the index lost 2.98 percent. (1 U.S. dollar equals to 7.8 HK dollars)

Source: Xinhua


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