Hong Kong stocks close 0.36% lower

21:52, December 06, 2010      

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Hong Kong stocks closed down 82.83 points, or 0.36 percent, at 23,237.69 on Monday.

The benchmark Hang Seng Index opened up 186.68 points at 23,507.20 and traded between 23,612.25 and 23,213.71 during the day's session.

Turnover totaled 75.94 billion HK dollars (about 9.78 billion U.S. dollars) compared with Friday's 85.19 billion HK dollars.

The Hang Seng China Enterprises Index shed 132.33 points or 1.02 percent to close at 12,804.77.

Three of the four sub-indices lost ground. The Properties sub-index lost most, falling 0.94 percent, followed by the Finance, decreasing 0.92 percent, the Utilities, 0.18 percent. The Commerce and Industry moved up 0.48 percent.

Heavyweight HSBC rose 0.31 percent to 81.45 HK dollars, while China Mobile rose 0.32 percent to 78.20 HK dollars.

Chinese mainland lenders all closed lower. Bank of China shed 2.6 percent to 4.12 HK dollars. ICBC fell 1.34 percent to 5.90 HK dollars. China Construction Bank down 1.83 percent at 6.97 HK dollars. Bank of Communications dropped 0.73 percent to 8.13 HK dollars.

As for local developers, Cheung Kong, a flagship of Hong Kong led by billionaire Li Ka-shing, decreased 1.37 percent at 115.00 HK dollars. SHK inched down 0.99 percent to 129.50 HK dollars. Henderson moved down 1.1 percent to 53.85 HK dollars.

PetroChina dipped 0.1 percent at 9.92 HK dollars, Sinopec lost 1.52 percent at 7.15 HK dollars. Offshore oil producer CNOOC surged 2.37 percent at 18.16 HK dollars.(1 U.S.dollar is equivalent to 7.766 HK dollar)

Source: Xinhua


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