Hong Kong stocks close slightly lower

20:28, December 10, 2010      

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Hong Kong stocks dipped 8.89 points, or 0.04 percent, at 23,162.91 on Friday.

The benchmark Hang Seng Index opened 80.28 points lower at 23,091.52 and traded between 23,202.29 and 22,965.90 during the day's session.

Turnover totaled 69.57 billion HK dollars (about 8.95 billion U. S. dollars) compared with Thursday's 70.22 billion HK dollars.

The Hang Seng China Enterprises Index moved down 70.41 points or 0.55 percent to close at 12,661.01.

Two of the four sub-indices gained ground. The Utilities sub-index and the Finance added 0.12 percent and 0.11 percent respectively, while the Properties fell 0.35 percent, the Commerce and Industry down 0.15 percent.

Heavyweight HSBC rose 0.74 percent to 81.5 HK dollars, while China Mobile fell 0.19 percent to 77.85 HK dollars.

Chinese mainland lenders closed mixed. Bank of China ended flat at 4.11 HK dollars. ICBC lost 0.51 percent to 5.83 HK dollars. China Construction Bank up 0.29 percent at 6.98 HK dollars. Bank of Communications lost 0.37 percent to 8.02 HK dollars.

As for local developers, Cheung Kong, a flagship of Hong Kong led by billionaire Li Ka-shing, edged up 0.09 percent at 114.3 HK dollars. SHK down 0.54 percent to 129.8 HK dollars. Henderson moved down 0.75 percent to 53.15 HK dollars.

PetroChina fell 1.31 percent at 9.83 HK dollars, Sinopec gained 0.56 percent at 7.18 HK dollars. Offshore oil producer CNOOC moved down 0.33 percent at 18.08 HK dollars. (1 U.S.dollar is equivalent to 7.774 HK dollar)

Source: Xinhua


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