Hong Kong stocks ended higher on Friday with the benchmark Hang Seng index rising 0.46 percent, or 103.89 points to end at 22,458.80 points.
Turnover totaled 93.48 billion HK dollars (about 12.02 billion U.S. dollars). The Hang Seng China Enterprises Index rose 119.38 points or 1. 16 percent, to close at 10,406.79. Two sub-indices gained ground, with the Finance sub-index rising by 1.03 percent, followed by the Commerce and Industry 0.21 percent.
The Properties fell 0.6 percent and the Utility lost 0.31 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index closed up 0.6 percent to 62.65 HK dollars, while its local unit Hang Seng Bank closed 0.3 percent higher to 142.30 HK dollars.
Local bourse operator HKEX went up 0.4 percent at 193.80 HK dollars. Local developers Hang Lung Properties rose 0.1 percent to 18.12 HK dollars. Henderson Land, another major developer in Hong Kong slid 0.7 percent to 48.05 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, lost 0.2 percent to 102.40 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, increased 1.4 percent to 5.66 HK dollars. ICBC, the world's largest bank by market value, jumped 2.3 percent to 4.98 HK dollars. Bank of China grew 1.7 percent to 3.65 HK dollars. PetroChina, the country's largest oil and gas producer, advanced 2.6 percent to 6.30 HK dollars. (1 U.S. dollar equals 7. 761 HK dollars)
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