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(Nightlead) HK stocks close up 0.18%

Posted on October 29, 2013

HONG KONG, (PNA/Xinhua) — Hong Kong stocks closed up 0.18 percent on Tuesday.

The benchmark Hang Seng Index moved up 39.96 points to close at 22,846.54 points, after trading between a day high of 22,979.35 points and a day low of 22,760.9 points.

Turnover expanded to 59.62 billion HK dollars (7.7 billion U.S. dollars) from Monday’s 48.1 billion HK dollars.

The H-Share Index moved up 132.14 points, or 1.29 percent, to end at 10,390.56 points.

Banking giant HSBC ended up 0.12 percent at 85.25 HK dollars. China Mobile, China’s dominant mobile carrier ended down 0.37 percent at 80.2 HK dollars.

For Mainland lenders listed in Hong Kong, ICBC, China’s largest bank by market value, edged up 2.69 percent to close at 5.34 HK dollars; CCB, the country’s second largest lender by market capitalization, ended up 2.08 percent at 5.89 HK dollars; BOC, one of the “big four”, ended up 2.31 percent at 3.54 HK dollars.

For local property developers, Sun Hung Kai, HK’s largest property developer by market value, ended flat at 101.4 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged down 1.31 percent to 120.3 HK dollars.

PetroChina, the country’s largest oil and gas producer ended up 1.6 percent at 8.91 HK dollars. Sinopec, China’s top refiner, ended up 1.51 percent at 6.06 HK dollars.

China Life, one of the world’s largest life insurers by market value, ended up 0.6 percent at 20.1 HK dollars (1 U.S. dollar equals to 7.76 HK dollar).

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