Hong Kong stocks moved down 112. 03 points, or 0.51 percent, on Thursday at 21,854.63 points. The benchmark Hang Seng Index traded between 21,718.71 and 22, 203.36. Turnover totaled 89.89 billion HK dollars (about 11.59 billion U.S. dollars).
The Hang Seng China Enterprises Index moved up 59.46 points, or 0.60 percent, to close at 9,964.17 points. All of the four sub-indices lost ground. The Utilities sub- index lost the most at 1.55 percent, followed by the Commerce & Industry at 0.73 percent, the Properties at 0.54 percent, and the Finance at 0.2 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.4 percent to 61.05 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, lowered 1.29 percent to close at 26.6 HK dollars. Local bourse operator HKEX grew 0.1 percent to 187 HK dollars. China Mobile, China's dominant mobile carrier, fell 1.87 percent to 91.75 HK dollars. China Unicom, another Chinese telecom giant, moved down 1.92 percent to 10.18 HK dollars.
Local property stocks went down. Sun Hung Kai, one of Hong Kong 's largest property developer by market value, sank 1.06 percent to 101.8 HK dollars. Henderson Land lost 1.94 percent to 48 HK dollars. CKH Holdings plunged 2.17 percent to 103.7 HK dollars.
Mainland-based financial stocks moved up. Bank of China closed 1.65 percent lower at 3.57 HK dollars. China Construction Bank closed flat at 5.56 HK dollars. Bank of Communication went down 0. 17 percent at 5.65 HK dollars. ICBC lost 0.82 percent to 4.8 HK dollars.
As for energy stocks, China's top refiner Sinopec rose 0.57 percent to 5.28 HK dollars. PetroChina, the country's largest oil and gas producer, grew 0.34 percent to 5.85 HK dollars. CNOOC increased 0.11 percent to 8.69 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars)
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