Hong Kong stocks end up for 9th straight session

17:46, June 21, 2010      

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Hong Kong stocks closed up 625. 47 points, or 3.08 percent, at 20,912.18 on Monday, up for the 9th straight session.

The benchmark Hang Seng Index opened higher at 20,571.40 on Monday and fluctuated between 20,571.40 and 20,938.33 before closing the day's session.

Turnover totaled 90.19 billion HK dollars compared with Friday' s 55.58 billion HK dollars.

The Hang Seng China Enterprises Index swelled 511.73 points, or 4.40 percent, to close at 12,134.42.

All four sub-indices went up, with the properties sub-index gained most at 4.14 percent, followed by the finance, 3.15 percent, the commerce and industry, 3.00 percent, and the utilities, 1.02 percent.

Heavyweight HSBC, closed 2.14 percent higher at 76.45 HK dollars. Its local unit Hang Seng Bank edged up 1.06 percent to 105.40 HK dollars. China Mobile rose 1.54 percent to 78.90 HK dollars.

Chinese mainland lenders all went up. Bank of Communications soared 6.34 percent to 8.89 HK dollars. China Construction Bank climbed 5.00 percent to 6.72 HK dollars. Bank of China went up 3. 54 percent to 4.09 HK dollars. ICBC ended up 3.44 percent to 6.00 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, rose 2.44 percent to 92.45 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, edged up 4.26 percent to 112.70 HK dollars. Henderson Land closed 3.36 percent higher at 47.75 HK dollars.

PetroChina advanced 4.54 percent to 9.22 HK dollars, offshore oil producer CNOOC moved up 2.67 percent to 13.86 HK dollars. Sinopec gained 4.32 percent at 6.52 HK dollars.

(7.772 HK dollars = 1 U.S. dollar)

Source: Xinhua


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