Hong Kong stocks close 1.22% higher

19:07, June 11, 2010      

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Hong Kong stocks ended 239.68 points higher Friday, or 1.22 percent, to close at 19,872.38, tracking gains on peripheral markets.

The benchmark Hang Seng Index opened 1.85 percent higher and traded between 19,995.64 and 19,834.23 before closing the day's session.

The turnover totaled 48.71 billion HK dollars compared with Thursday's 47.26 billion HK dollars.

The Hang Seng China Enterprises Index up 162.21 points, or 1.45 percent, to close at 11,340.38 HK dollars.

All four sub-indices went up. The properties sub-index gained most, rising 1.71 percent, followed by the commerce and industry, moving up 1.39 percent, the finance, 1.04 percent, the utilities, 0.73 percent.

Heavyweight HSBC rose 1.39 percent to 73.10 HK dollars. Its local unit Hang Seng Bank up 0.77 percent to close at 104.50 HK dollars. China Mobile inched up 0.32 percent to 77.20 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, added 1.31 percent to 88.65 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, gained 1.55 percent to 104.60 HK dollars. Henderson Land rose 1.30 percent to 46.60 HK dollars.

Chinese mainland lenders ended up. Bank of China moved up 0.78 percent to 3.89 HK dollars. China Construction Bank up 0.32 percent to 6.19 HK dollars. Bank of Communications rose 2.39 percent at 8.21 HK dollars. ICBC ended up 0.18 percent to 5.71 HK dollars.

PetroChina gained 2.36 percent to 8.67 HK dollars, offshore oil producer CNOOC rose 1.74 percent to 12.90 HK dollars. Sinopec up 1. 50 percent at 6.10 HK dollars. (7.794 HK dollars =1 U.S. dollar)

Source: Xinhua


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