Hong Kong stocks close 0.14% lower

20:35, March 03, 2010      

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Hong Kong stocks Wednesday ended down 29.32 points, or 0.14 percent, to finish at 20,876.79.

The benchmark Hang Seng Index opened 0.53 percent higher at 21, 016.29 which became the day high and reached the day low of 20,845. 16 before closing. Turnover totaled 59.9 billion HK dollars, compared with Tuesday's 72.1 billion HK dollars.

The Hang Seng China Enterprises Index rose 30.70 points, or 0. 26 percent, to close at 12,048.25.

Three of the four sub-indices lost. The utilities sub-index dropped 0.81 percent, followed by the properties, losing 0.53 percent, and the commerce and industry, edging up 0.39 percent. The finance sub-index went up 0.19 percent.

Heavyweight HSBC rose 1.12 percent to close at 81.45 HK. Its local unit Hang Seng Bank edged down 0.28 percent at 108.70 HK dollars. China Mobile down 2.42 percent to 74.65 HK dollars.

Chinese mainland lenders ended mix. Bank of China rose 0.25 percent to 4.03 HK dollars. China Construction Bank fell 0.65 percent to 6.14 HK dollars. Bank of Communications fell 0.58 percent 8.57 HK dollars. ICBC up 0.68 percent to 5.9 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, fell 0.82 percent, at 96.20 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, ended 0.64 percent higher at 110.60 HK dollars. Henderson Land lost 2.12 to 53.10 HK dollars.

PetroChina slightly gained 0.68 percent to 8.93 HK dollars, offshore oil producer CNOOC added 0.33 percent to 12.24 HK dollars. Sinopec went up 1.48 percent to 6.16 HK dollars.

Li & Fung fell 1.17 percent to 37.95 HK dollars. Ping An retreated 0.57 percent to 60.85 HK dollars. (7.8 HK dollars =1 U.S. dollar)

Source:Xinhua
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