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People's Daily Online>>China Business

HK stocks end up as heavyweights gain

(Xinhua)

19:34, December 05, 2011

HONG KONG, Dec. 5 (Xinhua) -- Hong Kong stocks jumped as heavyweights, like HSBC and CCB, gained on Monday.

The benchmark Hang Seng Index moved up 139.3 points to close at 19,179.69 points, after trading between a day high of 19,188.86 points and a day low of 18,972.9 points.

Turnover shrank to 51.97 billion HK dollars (6.69 billion US dollars) from Friday's 64.78 billion HK dollars.

The H-Share Index moved up 62.45 points, or 0.6 percent, to end at 10,412.96 points.

Banking giant HSBC edged up 0.75 percent to close at 62.35 HK dollars. China Mobile, China's dominant mobile carrier ended down 0.07 percent at 75.9 HK dollars.

Mainland lenders listed in Hong Kong surged. ICBC, China's largest bank by market value, edged up 0.42 percent to close at 4. 83 HK dollars; CCB, the country's second largest lender by market capitalization, increased 0.71 percent to close at 5.69 HK dollars; BOC, one of the "big four", ended up 1.08 percent at 2.81 HK dollars.

Major local developers performed well. Sun Hung Kai, HK's largest property developer by market value, moved up 0.21 percent to close at 96.45 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged down 0.39 percent to 90.6 HK dollars.

PetroChina, the country's largest oil and gas producer closed up 1 percent to 10.08 HK dollars. Sinopec, China's top refiner, moved up 0.49 percent to 8.26 HK dollars.

China Life, one of the world's largest life insurers by market value, ended up 0.24 percent at 21.05 HK dollars. (1 US dollar is equivalent to 7.77 HK dollars)

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