Markets

Hong Kong stocks close 1.22% higher - June 11

(Xinhua)
Updated: 2010-06-11 17:50

HONG KONG: Hong Kong stocks ended 239.68 points higher Friday, or 1.22 percent, to close at 19,872.38, tracking gains on peripheral markets.

The benchmark Hang Seng Index opened 1.85 percent higher and traded between 19,995.64 and 19,834.23 before closing the day's session.

The turnover totaled HK$48.71 billion ($6.25 billion) compared with Thursday's HK$47.26 billion.

The Hang Seng China Enterprises Index up 162.21 points, or 1.45 percent, to close at HK$11,340.38.

All four sub-indices went up. The properties sub-index gained most, rising 1.71 percent, followed by the commerce and industry, moving up 1.39 percent, the finance, 1.04 percent, the utilities, 0.73 percent.

Related readings:  Hong Kong stocks close 0.06% higher - June 10  Hong Kong stocks close 0.69% higher -- June 9  Hong Kong stocks close 0.56% higher -- June 8

Heavyweight HSBC rose 1.39 percent to HK$73.10. Its local unit Hang Seng Bank up 0.77 percent to close at HK$104.50. China Mobile inched up 0.32 percent to HK$77.20.

As for local developers, Cheung Kong, the flagship of Hong Kong 's richest man Li Ka-shing, added 1.31 percent to HK$88.65. SHK Properties, the leading residential housing developer in Hong Kong, gained 1.55 percent to HK$104.60. Henderson Land rose 1.30 percent to HK$46.60.

Chinese mainland lenders ended up. Bank of China moved up 0.78 percent to HK$3.89. China Construction Bank up 0.32 percent to HK$6.19. Bank of Communications rose 2.39 percent at HK$8.21. ICBC ended up 0.18 percent to HK$5.71.

PetroChina gained 2.36 percent to HK$8.67, offshore oil producer CNOOC rose 1.74 percent to HK$12.90. Sinopec up 1. 50 percent at HK$6.10 HK dollars. ($1 = HK$7.794)