HK stocks end 1.19% up

22:25, September 02, 2010      

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Hong Kong stocks Thursday rose 245.09 points, or 1.19 percent, to finish at 20,868.92 points, tracking gains on Wall Street overnight.

The benchmark Hang Seng Index traded between 20,938.29 and 20, 819.61 before closing the day's session. Turnover totaled 66.13 billion HK dollars compared with Wednesday's 56.52 billion HK dollars.

All four sub-indexes went up, with the properties became the biggest gainer, rising 1.56 percent, followed by the finance, moving up 1.45 percent, the commerce and industry, 0.88 percent, the utilities, 0.36 percent.

The China Enterprises Index, which tracks the so-called H- shares of the mainland-based companies, added 189.90 points, or 1. 65 percent to close at 11,688.84.

Heavyweight HSBC, contributing more than 60 points to the benchmark index, surged 1.96 percent to 77.95 HK dollars. Its local unit Hang Seng Bank rose 0.46 percent to 108.20 HK dollars.

China's leading telecom service provider China Mobile edged up 0.69 percent to 79.75 HK dollars.

Chinese Mainland lenders closed up. Bank of China up 1.03 percent to 3.94 HK dollars. ICBC ended up 1.23 percent to 5.75 HK dollars. CCB added 0.78 percent to 6.49 HK dollars. Bankcomm surged 2.36 percent to 8.41 HK dollars.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, gained 1.43 percent to 99.45 HK dollars. SHK Properties, the leading residential housing developer in Hong Kong, rocketed 2.21 percent to 111.20 HK dollars. Henderson Land up 0.96 percent to 47.15 HK dollars.

Oil stocks ended higher. PetroChina, China's largest oil and gas producer, rose 1.06 percent to 8.58 HK dollars. Sinopec, the country's top refiner, up 1 percent to 6.16 HK dollars. Offshore producer CNOOC advanced 0.76 percent to 13.32 HK dollars. (1 U.S. dollar equals to 7.775 HK dollars)

Source: Xinhua


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