Hong Kong stocks end 0.5% up

21:51, July 22, 2010      

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Hong Kong stocks rose 102.47 points, or 0.5 percent, to end at 20,589.70 on Thursday, tracking gains on mainland markets.

The benchmark Hang Seng Index opened slightly higher and traded between 20,592.46 and 20,384.73 before closing the day's session.

Turnover totaled 54.27 billion HK dollars (6.98 billion U.S. dollars), compared with Wednesday's 55.13 billion HK dollars (7.1 billion U.S. dollars).

The Hang Seng China Enterprises Index up 64.78 points, or 0.55 percent, to close at 11,754.69 HK dollars.

All four sub-indices ended slightly higher. The properties sub- index gained 0.57 percent, the commerce and industry moved up 0.65 percent, the finance, 0.38 percent, the utilities, 0.37 percent.

Heavyweight HSBC edged up 0.2 percent to 75.95 HK dollars. Its local unit Hang Seng Bank up 0.38 percent to close at 105.20 HK dollars. China Mobile inched up 0.32 percent to 78.45 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, added 0.6 percent to 91.90 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, gained 1.08 percent to 112.80 HK dollars. Henderson Land rose 1.29 percent to 47.10 HK dollars.

Chinese mainland lenders ended up. Bank of China moved up 0.49 percent to 4.12 HK dollars. China Construction Bank up 0.46 percent to 6.50 HK dollars. Bank of Communications rose 0.58 percent at 8.62 HK dollars. ICBC ended up 0.52 percent to 5.82 HK dollars.

PetroChina gained 0.8 percent to 8.77 HK dollars, offshore oil producer CNOOC rose 0.16 percent to 12.86 HK dollars. Sinopec up 0. 32 percent at 6.19 HK dollars. (1 U.S. dollar=7.77 HK dollars).

Source: Xinhua


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