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Hong Kong stocks close 1.5 pct lower


21:00, March 04, 2013

HONG KONG, March 4 (Xinhua) -- Hong Kong stocks closed down 342. 41 points, or 1.5 percent, at 22,537.81 on Monday, tracking losses on Mainland markets.

The benchmark Hang Seng Index traded between 22,866.51 and 22, 466.08. Turnover totaled 82.84 billion HK dollars (about 10.68 billion U.S. dollars), up from Friday's 77.69 billion HK dollars.

The Hang Seng China Enterprises Index lost 239.59 points, or 2. 11 percent, to close at 11,104.65.

All of the four sub-indices lost ground, with the Properties sub-index lost the most, plunging 3.42 percent, following by the Finance at 1.58 percent, the Commerce & Industry at 0.94 percent, the Utilities at 0.53 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 1.23 percent to 84.25 HK dollars, while its local unit Hang Seng Bank went down 0.48 percent to 125.60 HK dollars.

Chinese mainland lenders plummeted. China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, lost 2.37 percent to 6. 19 HK dollars. ICBC, the world's largest bank by market value, went down 2.17 percent to 5.40 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, dived 3.31 percent to close at 5.84 HK dollars. Bank of China dropped 1.96 percent at 3.50 HK dollars.

Local developers also suffered lost. Hang Lung Properties fell 2.75 percent to 28.30 HK dollars. Henderson Land, one of the major developers in Hong Kong, moved down 1.69 percent to 52.35 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, went down 1.77 percent to 116.80 HK dollars.

As for energy stocks, China's top refiner Sinopec lost 1.33 percent to 8.9 HK dollars. PetroChina, the country's largest oil and gas producer, lost 1.33 percent to 10.36 HK dollars. CNOOC lost 2.02 percent at 14.58 HK dollars. (1 U.S. dollar equals 7.757 HK dollars)

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Email|Print|Comments(Editor:LiXiang、Zhang Qian)

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