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People's Daily Online>>China Business

HK stocks close up as heavyweights gain

(Xinhua)

08:53, January 04, 2012

A pedestrian walks past an electronic panel showing the Hang Seng Index in Hong Kong, south China, Jan. 3, 2012. Hong Kong's Hang Seng Index rose by 443.02 points to end at 18877.41 points on the first trading day of 2012. (Xinhua/Wong Pun Keung)

HONG KONG, Jan. 3 (Xinhua) -- Hong Kong stocks closed higher as heavyweights, like HSBC, China Mobile and ICBC, gained on Tuesday, the first trading day in 2012.
The benchmark Hang Seng Index moved up 443.02 points to close at 18,877.41 points, after trading between a day high of 18,886.12 points and a day low of 18,724.17 points.

Turnover totaled 32.64 billion HK dollars (about 4.2 billion U. S. dollars), more than 33 percent higher than the last trading day.

The Hang Seng China Enterprises Index gained 298.69 points, or 3.01 percent, to close at 10,235.17 points.

All the four sub-indices gained, with the Finance and Utilities up 2.37 and 0.26 percent respectively. The Properties and Commerce & Industry increased 1.96 and 2.84 percent respectively.

Banking giant HSBC moved up 2.63 percent to close at 60.55 HK dollars. China Mobile, China's dominant mobile carrier, increased 1.58 percent at 77.1 HK dollars.

Mainland lenders listed in Hong Kong gained. ICBC, China's largest bank by market value, edged up 3.04 percent to close at 4. 75 HK dollars; CCB, the country's second largest lender by market capitalization, increased 1.85 percent to close at 5.52 HK dollars; BOC, one of the "big four", ended up 2.45 percent at 2.93 HK dollars.

Sun Hung Kai, HK's largest property developer by market value, moved up 2.11 percent to close at 99.4 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, went up 1.57 percent to 93.85 HK dollars.

PetroChina, the country's largest oil and gas producer, closed up 4.45 percent to 10.1 HK dollars. Sinopec, China's top refiner, moved up 5.51 percent to 8.62 HK dollars.

China Life, one of the world's largest life insurers by market value, ended up 3.99 percent at 19.96 HK dollars. (One U.S. dollar equals 7.77 HK dollars)

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