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HK stocks up 1.35 pct as heavy weights gain

(Xinhua)

08:27, May 30, 2012

HONG KONG, May 29 (Xinhua) -- Hong Kong stocks jumped on Tuesday, as heavy weights, like China Mobile and CCB, gained.

The benchmark Hang Seng Index moved up 254.47 points to close at 19,055.46 points, after trading between a day high of 19,058.47 points and a day low of 18,735.5 points.

Turnover expanded to 48.95 billion HK dollars (6.3 billion U.S. dollars) from Monday's 36.67 billion HK dollars.

The H-Share Index moved up 210.4 points, or 2.18 percent, to end at 9,858.19 points.

Banking giant HSBC edged up 0.32 percent to close at 63 HK dollars. China Mobile, China's dominant mobile carrier ended up 1.51 percent at 80.85 HK dollars.

Mainland lenders listed in Hong Kong jumped. ICBC, China's largest bank by market value, edged up 1.29 percent to close at 4.73 HK dollars; CCB, the country's second largest lender by market capitalization, increased 1.92 percent to close at 5.31 HK dollars; BOC, one of the "big four", ended up 1.02 percent at 2.96 HK dollars.

For local property developers, Sun Hung Kai, HK's largest property developer by market value, moved up 0.85 percent to close at 88.95 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 1.95 percent to 94.3 HK dollars.

PetroChina, the country's largest oil and gas producer closed up 0.78 percent to 10.28 HK dollars. Sinopec, China's top refiner, moved up 1.27 percent to 7.18 HK dollars.

China Life, one of the world's largest life insurers by market value, ended up 2.75 percent at 18.7 HK dollars. (One U.S. dollar is equivalent to 7.76 HK dollars)

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