Markets > Stocks

Hong Kong stocks close 1.33 pct higher

HONG KONG
2015-04-27 17:56

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Hong Kong stocks moved up 372.] 61 points, or 1.33 percent, on Monday to close at 28,433.59 points.

The benchmark Hang Seng Index traded between 28,245.14 and 28, 588.52. Turnover totaled 190.87 billion HK dollars (about 24.63 billion U.S. dollars).

The Hang Seng China Enterprises Index ended up 11 points, or 0. 07 percent, to close at 14,489. All of the four sub-indices gained ground.

The Commerce ' Industry sub-index gained the most at 1.46 percent, followed by the Properties at 1.34 percent, the Finance at 1.32 percent, the Utilities at 0.23 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, surged 3.59 percent to 76.45 HK dollars.

Local bourse operator HKEX went up 0.88 percent to 298.60 HK dollars.

China Mobile, China's dominant mobile carrier, rose 0.87 percent to 116.10 HK dollars.

Chinese Internet giant Tencent gained 0.62 percent to 162.60 HK dollars.

Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 1.75 percent to 127.90 HK dollars. Henderson Land moved up 2.54 percent to 60.60 HK dollars. CKH Holdings increased 0.42 percent to 168.70 HK dollars.

Mainland-based financial stocks closed higher. Bank of China closed 1.48 percent higher at 5.47 HK dollars. China Construction Bank rose 0.13 percent to 7.62 HK dollars. ICBC advanced 0.59 percent to 6.82 HK dollars. Boosted by news that China may be considering mergers among its big state oil companies, China's top refiner Sinopec jumped 7.16 percent to 7.63 HK dollars. PetroChina, the country's largest oil and gas producer, gained 6.72 percent to 10.64 HK dollars. CNOOC rose 2.29 percent to 13.42 HK dollars (1 U.S. dollar equals 7.75 HK dollars)

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