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HK stocks close 0.38 pct lower

HONG KONG
2015-06-04 17:47

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Hong Kong stocks ended lower on Thursday with the benchmark Hang Seng index falling 0.38 percent to end at 27,551.89 points. Turnover totaled 195.23 billion HK dollars (about 25.16 billion U.S. dollars).

The Hang Seng China Enterprises Index rose 12.07 points, or 0. 09 percent, to close at 14,127.01.

Three sub-indices lost ground, with the Properties sub-index falling the most by 1.49 percent, followed by the Commerce and Industry 1.06 percent and the Utility 0.16 percent. The Finance rose 0.36 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.2 percent at 73.75 HK dollars, while Hang Seng Bank closed down 0.3 percent to 155.30 HK dollars.

Local bourse operator HKEX lost 0.1 percent at 294.00 HK dollars.

Local developers Hang Lung Properties retreated 1.6 percent to 24.20 HK dollars. Henderson Land, another major developer in Hong Kong, climbed 0.2 percent to 56.95 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, decreased 3.1 percent to 114.30 HK dollars.

As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, went up 1.5 percent to 7. 91 HK dollars. ICBC, the world's largest bank by market value, was up 0.4 percent to 6.75 HK dollars. Bank of China closed added 1.0 percent to 5.23 HK dollars. PetroChina, the country's largest oil and gas producer, lost 0. 8 percent to 9.06 HK dollars. (1 U.S. dollar equals 7.761 HK dollars)

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