Roundup: HK stocks end 0.26 pct lower

HONG KONG, (PNA/Xinhua) –Hong Kong stocks closed down 60.17 points, or 0.26 percent, at 23,189.62 on Monday. The benchmark Hang Seng Index traded between 23,345.93 and 23,165.06. Turnover totaled 45.09 billion HK dollars (US$ 5.82 billion).

The Hang Seng China Enterprises Index ended flat with 7.37 points up, or 0.07 percent, to close at 10,686.06.

Three sub-indices lost ground, with the Commerce and Industry shrinking the most by 0.58 percent, followed by the Finance and the Properties, 0.08 percent respectively. The Utility gained 0.24 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged down 0.35 percent to 85.1 HK dollars, while its local unit Hang Seng Bank fell 0.47 percent to 127.9 HK dollars.

China Mobile, China’s dominant mobile carrier, dipped 0.56 percent to 80.55 HK dollars, while another Chinese telecom giant China Unicom ended up 0.17 percent to 12.14 HK dollars. Local bourse operator HKEX went up 0.24 percent to 125.7 HK dollars.

For the local property stocks, Sun Hung Kai, HK’s largest property developer by market value, ended up 0.68 percent at 103 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, increased 1.47 percent to 124.2 HK dollars.

As for mainland-based financial stocks, China Construction Bank, the country’s second largest bank which accounts for the third largest weighting of the Hang Seng Index, moved up 0.5 percent to 6.08 HK dollars.

ICBC, the world’s largest bank by market value, slipped 0.19 percent to 5.41 HK dollars. Bank of China ended higher 0.55 percent to 3.64 HK dollars.

As for energy stocks, China’s top refiner Sinopec edged up 0.31 percent to 6.38 HK dollars. PetroChina, the country’s largest oil and gas producer, declined 0.34 percent to 8.79 HK dollars. (US$ 1 equals 7.75 HK dollars)