Hong Kong stocks moved up 8.24 points, or 0.04 percent, to close at 23,075.61 points on Monday.
The benchmark Hang Seng Index traded between 22,913.6 and 23, 100.66. Turnover totaled 67.25 billion HK dollars (about 8.68 billion U.S. dollars). The Hang Seng China Enterprises Index rose 0.48 percent, or 51. 53 points, to close at 10,688.54 points.
Half of the four sub-indices gained ground. The Utilities rose 0.37 percent and the Commerce & Industry increased 0.24 percent. The Properties fell 0.35 percent and the Finance edged down 0.09 percent.
Local property stocks were generally down. Sun Hung Kai, one of Hong Kong's largest property developer by market value, closed at 105.5 HK dollars, down 0.75 percent. Henderson Land edged down 0. 79 percent to 50.05 HK dollars. CKH Holdings ended at 107.5 HK dollars, unchanged from the previous closing price. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 0.32 percent to 62.55 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, moved down 1.37 percent to close at 28.8 HK dollars.
Local bourse operator HKEX edged down 0.48 percent to 205.4 HK dollars.
Mainland-based financial stocks rose across the board. Bank of China added 1.1 percent to close at 3.77 HK dollars. China Construction Bank went up 0.17 percent to 5.76 HK dollars. Industrial and Commercial Bank of China, the nation's largest lender, gained 0.2 percent to 5.05 HK dollars.
Energy stocks closed mixed. China's top refiner Sinopec gained 1.57 percent to 5.81 HK dollars. PetroChina, the country's largest oil and gas producer, slid 0.15 percent to 6.49 HK dollars. China Mobile, China's dominant mobile carrier, rose 1.86 percent to 95.95 HK dollars. China Unicom, another Chinese telecom giant, added 0.19 percent to 10.58 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars)
Latest comments