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Hong Kong stocks close 1.39 pct higher

HONG KONG
2015-06-12 17:10

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Hong Kong stocks closed up 372. 69 points, or 1.39 percent to 27,280.54 points on Friday.

The benchmark Hang Seng Index traded between 26,987.52 and 27, 356.51. Turnover totaled 131.53 billion HK dollars (about 16.97 billion U.S. dollars).

The Hang Seng China Enterprises Index moved up 240.75 points, or 1.75 percent, to close at 13,984.00 points.

All of the four sub-indices gained ground.

The Commerce ' Industry sub-index rose the most at 1.51 percent, followed by the Finance at 1.38 percent, the Properties at 1.33 percent, the Utilities at 0.51 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, added 0.13 percent to 73.25 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, rose 1.74 percent to close at 34.95 HK dollars.

Local bourse operator HKEX surged 3.63 percent to 296.6 HK dollars.

China Mobile, China's dominant mobile carrier, gained 1.59 percent to 101.7 HK dollars.

China Unicom, another Chinese telecom giant, rose 1 percent to 12.92 HK dollars.

Local property stocks closed up. Sun Hung Kai, one of Hong Kong 's largest property developer by market value, grew 0.87 percent to 127 HK dollars. Henderson Land increased 0.94 percent to 53.5 HK dollars. CKH Holdings surged 2 percent to 113.2 HK dollars.

Mainland-based financial stocks closed up. Bank of China grew 1. 33 percent to close at 5.32 HK dollars. China Construction Bank climbed 1.04 percent to 7.76 HK dollars. Bank of Communication went up 1.47 percent to 8.26 HK dollars. ICBC gained 1.52 percent to 6.68 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 1.25 percent to 6.47 HK dollars. PetroChina, the country's largest oil and gas producer, increased 1.24 percent to 8.93 HK dollars. CNOOC moved up 0.34 percent to 11.72 HK dollars.

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