Markets > Stocks

Hong Kong stocks close 0.03 pct higher

HONG KONG
2015-04-28 19:16

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Hong Kong stocks moved up 9.16 points, or 0.03 percent, on Tuesday at 28,442.75 points.

The benchmark Hang Seng Index traded between 28,251.99 and 28, 548.45. Turnover totaled 170.61 billion HK dollars (about 22.01 billion U.S. dollars).

The Hang Seng China Enterprises Index dropped 26.41 points, or 0.18 percent, to close at 14,714.79.

Three of the four sub-indices lost ground.

The Commerce ' Industry sub-index fell the most at 0.64 percent, followed by the Utilities at 0.31 percent and the Properties at 0.18 percent, while the Finance sub-index rose 0.64 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged down 0.07 percent to 76.4 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, rose 0.44 percent to close at 33.9 HK dollars.

Local bourse operator HKEX slid 0.27 percent to 297.8 HK dollars.

China Mobile, China's dominant mobile carrier, dropped 1.03 percent to 114.9 HK dollars. China Unicom, another Chinese telecom giant, gained 1.05 percent to 15.38 HK dollars.

Local property stocks ended lower in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value lowered 0.39 percent to close at 127.4 HK dollars. Henderson Land dropped ended flat at 60.6 HK dollars. CKH Holdings ended 0.65 percent lower at 167.6 HK dollars.

Mainland-based financial stocks were up. Bank of China gained 1. 46 percent to 5.55 HK dollars. China Construction Bank rose 1.84 percent to 7.76 HK dollars. Bank of Communication gained 1.14 percent to 8.01 HK dollars. ICBC advanced 1.32 percent to 6.91 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 4.85 percent to 7.26 HK dollars. PetroChina, the country's largest oil and gas producer, lost 4.7 percent to 10.14 HK dollars. CNOOC slid 0.89 percent to 13.3 HK dollars (1 U.S. dollar equals 7.75 HK dollars)

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