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HK stocks end 0.7 pct higher

(Xinhua)

19:14, April 09, 2013

HONG KONG, April 9 (Xinhua) -- Hong Kong stocks rose 152.29 points, or 0.7 percent, to close at 21,870.34 on Tuesday.

The benchmark Hang Seng Index traded between 21,979.08 and 21, 800.24. Turnover totaled 57.35 billion HK dollars (7.39 billion U. S. dollars).

The Hang Seng China Enterprises Index jumped 1.74 points to close at 10,610.77.

The Utilities sub-index lost ground, falling 0.05 percent to 55, 739.7 points. However, the other three sub-indices registered increases. The Commerce and Industry sub-index rose the most, climbing 1.1 percent. The Finance and Properties sub-indices increased 0.55 percent and 0.42 percent, respectively.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, slipped 0.43 percent to 80.9 HK dollars. Local bourse operator HKEX climbed 0.39 percent to close at 128 HK dollars.

Most property shares closed higher on Tuesday. Cheung Kong Holding, a powerful Hong Kong-based developer controlled by billionaire Li Ka-shing, closed up 0.54 percent to 112.1 HK dollars. Sung Hung Kai Properties, a leading developer, rose 0.97 percent to 104.4 HK dollars, while Henderson Land gained 1.14 percent to close at 53.1 HK dollars.

As for mainland-based financial stocks, Industrial and Commercial Bank of China, the country's largest lender by market value, increased 1.16 percent to finish at 5.23 HK dollars. Bank of China finished at 3.51 HK dollars, up 1.44 percent, while Bank of Communications edged up 0.33 percent to close at 6.14 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 1.03 percent to close at 8.86 HK dollars. PetroChina, the country's largest oil and gas producer, gained 1.11 percent to 10 HK dollars. CNOOC rose 0.98 percent to finish at 14.36 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)

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