Hong Kong stocks end 0.59% up

19:29, August 06, 2010      

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Hong Kong stocks Friday rose 127. 08 points, or 0.59 percent, to finish at 21,678.80 points, led by Hutchison and Cheung Kong after both announced better-than- expected interim performance on Thursday.

The benchmark Hang Seng Index traded between 21,722.38 and 21, 456.74 before closing the day's session. Turnover climbed up to 62. 9 billion HK dollars from Thursday's 60.9 billion HK dollars.

All of the four sub-indexes went up, with the properties gained most, rising 1.14 percent, followed by the commerce and industry, adding 0.75 percent, the utilities, 0.5 percent, the finance, 0.35 percent.

The China Enterprises Index, which tracks the so-called H- shares of the mainland-based companies, went up 33.07, or 0.27 percent to close at 12,161.75.

Telecommunications-to-property conglomerate Hutchison Whampoa, contributed 44 points to the benchmark index, soared 9.71 percent to 58.20 HK dollars, after reporting a 12 percent increase in first-half net profit to 6.45 HK billion dollars.

Cheung Kong Holdings, property flagship led by Hong Kong's richest man Li Ka-shing and Hutchison's biggest shareholder, surged 3.39 percent to 100.40 HK dollars. It's first-half net profit advanced 4 percent rise to 11.92 billion HK dollars.

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