Hong Kong stocks moved up 83.36 points, or 0.3 percent, on Wednesday at 27,933.85 points. The benchmark Hang Seng Index traded between 27,727.86 and 28, 048.46. Turnover totaled 187.85 billion HK dollars (about 24.24 billion U.S. dollars).
The Hang Seng China Enterprises Index ended up 138.45 points, or 0.95 percent, to close at 14,669.73. All of the four sub-indices gained ground.
The Properties sub- index rose the most at 0.99 percent, followed by the Utilities at 0.59 percent, the Commerce ' Industry at 0.34 percent, the Finance at 0.09 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, moved down 0.57 percent to 70.45 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, closed flat at 33.3 HK dollars.
Local bourse operator HKEX surged 2.72 percent to 294.4 HK dollars.
China Mobile, China's dominant mobile carrier, lowered 1.21 percent to 114.5 HK dollars. China Unicom, another Chinese telecom giant, fell 0.27 percent to 14.46 HK dollars.
Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value added 0.88 percent to close at 125.7 HK dollars. Henderson Land gained 0.16 percent to 59.25 HK dollars. CKH Holdings dropped 0.94 percent to 167.3 HK dollars.
Mainland-based financial stocks closed higher. Bank of China gained 0.18 percent to 5.47 HK dollars. China Construction Bank fell 0.9 percent to 7.69 HK dollars. Bank of Communication moved up 0.37 percent to 7.97 HK dollars. ICBC increased 0.14 percent to 6.98 HK dollars.
As for energy stocks, China's top refiner Sinopec gained 0.57 percent to 7 HK dollars. PetroChina, the country's largest oil and gas producer, retreated 0.39 percent to 10.14 HK dollars. CNOOC fell 1.22 percent to 12.96 HK dollars (1 U.S. dollar equals 7.75 HK dollars)
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