Hong Kong stocks end 2.09 pct up

19:03, January 05, 2010      

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Hong Kong stocks closed up 456.30points, or 2.09 percent, at 22,279.58 on Tuesday, tracking gains in peripheral markets.

The benchmark Hang Seng Index opened 1.23 percent higher at 22,092.15. The stocks traded between 22,297.04 and 21,987.27 before closing.

Turnover surged to 82.97 billion HK dollars (10.71 billion U.S.dollars) from Monday's 48.51 billion HK dollars (6.26 billion U.S.dollars).

China Enterprises Index went up 391.48 points, or 3.07 percent, to close at 13,142.03 points.

All four major stock categories moved up. The commerce and industry sub-index became the biggest gainer, closing up 2.92 percent, followed by the finance sub-index, 1.84 percent up, the properties rose 1.20 percent, the utilities, up 0.42 percent.

Blue-chips ended higher. Banking giant HSBC Holdings, contributed 43 points to the index alone, rose 1.32 percent at 90.45 HK dollars. Heavyweight China Mobile, by far the largest mobile carrier in China's mainland, rose 0.83 percent to 72.95 HK dollars. HKEx, the sole exchange operator in Hong Kong, lost 1.37 percent to 140.3 HK dollars.

Local properties finished up. Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, rose 1.4 percent to 101.4 HK dollars. Henderson Land finished 2.05 percent higher at 59.8 HK dollars. SHK Properties moved up 1.12 percent to 117.4 HK dollars.

Mainland-based commercial lenders also went up. Bank of China surged 2.61 percent to 4.32 HK dollars. CCB rose 2.43 percent to 6. 75 HK dollars. ICBC moved up 1.88 percent to 6.49 HK dollars.

Chinese insurance companies also ended up. China Life rose 2.62percent to 39.1 HK dollars. Ping An climbed up 3.7 percent to 70 HK dollars.

Energy shares surged. PetroChina rose 5.92 percent to 9.84 HK dollars, off-shore oil producer CNOOC rose 5.72 percent to 12.94 HK dollars. The two contributed a total of 93 points to the benchmark index. Sinopec Corp edged up 0.74 percent to 6.78 HK dollars.(7.8 HK dollars = 1 U.S. dollar)

Source: Xinhua
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