Hong Kong stocks moved up 177.19 points, or 0.73 percent on Friday to close at 24,552.47 points. The benchmark Hang Seng Index traded between 24,327.56 and 24, 641.93. Turnover totaled 71.36 billion HK dollars (about 9.21 billion U.S. dollars). The Hang Seng China Enterprises Index ended up 134.67 points, or 1.21 percent, to close at 11,227.94.
Three sub-indices gained ground. The Finance moved up 0.95 percent, the Commerce and Industry moved up 0.77 percent and the Utilities ended up 0.05 percent. The Properties moved down 0.12 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged down 0.49 percent to 71.05 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, ended up 0.66 percent to 30.35 HK dollars.
Local bourse operator HKEX rose 3.41 percent to 212.20 HK dollars. China Mobile, China's dominant mobile carrier, moved up 0.80 percent to 100.90 HK dollars, while another Chinese telecom giant China Unicom ended up 0.95 percent to 10.68 HK dollars.
For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, ended up 0.09 percent to 117.10 HK dollars. Hang Lung Properties fell 1.17 percent to 21. 15 HK dollars. New World Development, another major developer in Hong Kong, increased 1.31 percent to 9.30 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, moved up 1.42 percent to 6.41 HK dollars. ICBC, the world's largest bank by market value, ended up 0.94 percent to 5.39 HK dollars.
Bank of China finished up 1.43 percent to 4.25 HK dollars. As for energy stocks, China's top refiner Sinopec ended up 1.04 percent to 5.83 HK dollars. PetroChina, the country's largest oil and gas producer, closed down 0.14 percent to 7.30 HK dollars. (1 U.S. dollar equals 7.75 HK dollars)
Latest comments