Markets

Hong Kong stocks close 1.6% higher -- April 20

(Xinhua)
Updated: 2011-04-20 17:50

HONG KONG - Hong Kong stocks went up 375.48 points, or 1.6 percent, to close at 23,896.10 Wednesday after landing in the negative territory for several sessions.

Related readings:  Hong Kong stocks close 1.3% lower - April 19  Hong Kong stocks close 0.74% lower - April 18  Hong Kong stocks close 0.67% higher Wednesday  Hong Kong stocks close 1.34% lower -- April 12

The benchmark Hang Seng Index was fluctuating during most of the morning hours but started moving upward all the way in the afternoon before closing near the day high of 23,907.77.

All sub-groups except Utilities put on rather robust performance on the day, with Commerce & Industry outperforming the general market by rising 1.97 percent.

Turnover totaled HK$72.5 billion ($9.32 billion).