Hong Kong stocks close 0.69% higher

19:03, June 09, 2010      

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Hong Kong stocks ended 133.76 points higher Wednesday, or 0.69 percent, to close at 19,621.24, tracking gains on Mainland markets.

The benchmark Hang Seng Index opened 0.72 point marginally higher and traded between 19,792.28 and 19,383.89 before closing the day's session.

The turnover totaled 51.54 billion HK dollars compared with Tuesday's 43.66 billion HK dollars.

The Hang Seng China Enterprises Index up 72.60 points, or 0.65 percent, to close at 11,163.35 HK dollars.

All four sub-indices went up. The finance sub-index gained most, rising 0.78 percent, followed by the properties, moving up 0.65 percent, both the utilities and the commerce and industry rose 0. 59 percent.

Heavyweight HSBC rose 0.56 percent to 71.8 HK dollars. Its local unit Hang Seng Bank up 0.59 percent to close at 102.8 HK dollars. China Mobile gained 1.26 percent to 76.2 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, inched up 0.29 percent to 87.95 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, added 0.48 percent to 104.3 HK dollars. Henderson Land rose 1.42 percent to 46.55 HK dollars.

Chinese mainland lenders ended up. Bank of China gained 1.05 percent to 3.86 HK dollars. China Construction Bank up 0.65 percent to 6.16 HK dollars. Bank of Communications moved up 0.12 percent at 8.4 HK dollars. ICBC ended up 1.07 percent to 5.67 HK dollars.

PetroChina added 1.69 percent to 8.42 HK dollars, offshore oil producer CNOOC rose 0.2 percent to 12.36 HK dollars. Sinopec up 1. 86 percent at 6.03 HK dollars. (7.801 HK dollars =1 U.S. dollar)

Source: Xinhua


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