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HK stocks end 0.17 pct higher


18:33, February 25, 2013

HONG KONG, Feb. 25 (Xinhua) -- Hong Kong shares ended higher on Monday, with the weighted index rising 37.64 points, or 0.17 percent, to 22,820.08.

The benchmark Hang Seng Index traded between 22,777.63 and 22, 876.03. Turnover totaled 54.6 billion HK dollars (about 7.04 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 16.85 points, or 0. 15 percent, to close at 11,333.98.

Two of the four sub-indices gained ground. The Finance sub- index and the Commerce & Industry sub-index moved up 0.36 percent and 0.19 percent, respectively. The Properties slid 0.32 percent, and the Utilities went down 0.81 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.41 percent to 85.3 HK dollars, while its local unit Hang Seng Bank went down 1.19 percent to 124.3 HK dollars. Bank of East Asia, another Hong Kong's major bank, lost 0. 32 percent to 30.9 HK dollars.

As for Chinese mainland lenders, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, rose 0.48 percent to 6.32 HK dollars. ICBC,The world's largest bank by market value, went up 0. 55 percent to 5.52 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, added 0.83 percent to close at 6.05 HK dollars. Bank of China remained flat at 3.65 HK dollars.

Local developers closed lower. Hang Lung Properties fell 0.67 percent to 29.75 HK dollars. Henderson Land, one of the major developers in Hong Kong, lost 0.75 percent to 53 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, went down 0.59 percent to 118.2 HK dollars.

As for energy stocks, China's top refiner Sinopec added 0.46 percent to 8.8 HK dollars. PetroChina, the country's largest oil and gas producer, went up 0.19 percent to 10.72 HK dollars.

Want Want China was the best-performing blue chip in the day, with its shares rising 2.92 percent to 10.56 HK dollars.

CITIC Pacific was the worst-performing blue chip in the day, with its shares falling 1.90 percent to 11.38 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)

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Email|Print|Comments(Editor:GaoYinan、Yao Chun)

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