Hong Kong stocks end 0.12% up

19:41, January 08, 2010      

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Hong Kong stocks closed up 27.3 points, or 0.12 percent, at 22, 296.75 on Friday.

The benchmark Hang Seng Index slightly rose 13.3 points, or 0. 06 percent, to open at 22, 282.75. Local shares traded between 22,443.22 and 22, 206.16 before closing.

Turnover fell to 71.93 billion HK dollars from Thursday's 79.17billion HK dollars.

The China Enterprises Index went down 38.11 points, or 0.29 percent, to close at 13, 035.09 points.

Three of the four major stock categories rose. The commerce and industry sub-index moved up 0.37 percent, the properties, up 0.33 percent, the utilities, 0.21. The finance sub-index edged down 0. 1 percent.

Blue-chips ended up. Banking giant HSBC Holdings edged up 0.4 percent to 91.75 HK dollars. Heavyweight China Mobile, by far the largest mobile carrier in the Chinese mainland, rose 1.3 percent to 74.45 HK dollars. The HKEx, the sole exchange operator in Hong Kong, inched up 0.2 percent to 150.8 HK dollars.

Local properties closed higher. Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, edged up 0.29 percent to 102.1 HK dollars. Henderson Land jumped 2 percent to 59.25 HK dollars. SHK Properties gained 1 percent to 117.4 HK dollars.

Mainland-based commercial lenders lost. Bank of China gained 0.23 percent to 4.28 HK dollars. CCB fell 1.21 percent to 6.53 HK dollars. ICBC lost 0.16 percent to 6.36 HK dollars.

Chinese insurance companies finished lower. China Life moved down 0.39 percent to 38.35 HK dollars. Ping An slid 0.29 percent to 69.9 HK dollars.

As for energy shares, PetroChina rose 0.8 percent to 10.08 HK dollars, off-shore oil producer CNOOC edged 0.31 percent down to 13.04 HK dollars. Sinopec Corp fell 0.45 percent to 6.68 HK dollars.

Coal stocks retreated on excessive capacity talks from an industry association. Yanzhou and Hidili slid 5 percent and 4 percent to 18.76 HK dollars and 9.86 HK dollars. Shenhua fell 2 percent to 39.65 HK dollars. (7.8 HK dollars = 1 U.S. dollar)

Source: Xinhua
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