Hong Kong stocks rose 179.2 points, or 0.78 percent, to close on Friday at 23,067.37 points. The benchmark Hang Seng Index traded between 22,953.56 and 23, 178.14. Turnover totaled 87.98 billion HK dollars (11.35 billion U. S. dollars), down from 90.77 billion HK dollars of the previous trading day.The Hang Seng China Enterprises Index rose 84.08 points, or 0.8 percent, to 10,637.01 points.
Three of the four sub-indices gained ground. The Finance sub-index rose the most at 1.33 percent, followed by the Properties at 1.09 percent and the Commerce & Industry at 0.18 percent. While the Utilities was down 0.06 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, advanced 0.88 percent to 62.75 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, gained 0.86 percent to close at 29.2 HK dollars. Local bourse operator HKEX edged up 0.49 percent to 206.4 HK dollars. China Mobile, China's dominant mobile carrier, gained 0.53 percent to 94.2 HK dollars. China Unicom, another Chinese telecom giant, rose 0.19 percent to 10.56 HK dollars.
Local property stocks were generally up. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 2.31 percent to 106.3 HK dollars. Henderson Land gained 1.41 percent to 50.45 HK dollars. CKH Holdings slid 0.19 percent to 107.5 HK dollars.
Mainland-based financial stocks closed up.Bank of China advanced 0.81 percent to close at 3.73 HK dollars. China Construction Bank rose 0.88 percent to 5.75 HK dollars. Bank of Communication went up 2.42 percent to 5.93 HK dollars. ICBC rose 0. 8 percent to 5.04 HK dollars.
As for energy stocks, China's top refiner Sinopec rose 1.06 percent to 5.72 HK dollars. PetroChina, the country's largest oil and gas producer, climbed 0.78 percent to 6.5 HK dollars. CNOOC moved down 1.18 percent to 9.21 HK dollars.
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