Hong Kong stocks finish slightly higher
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Hong Kong shares Tuesday ended up 0.27 percent slightly higher at 22,268.16.
Tracking strength on Wall Street overnight, local shares opened up 349.01 points at 22,556.56, Gains narrowed down in the afternoon, with the bench market Hang Seng index edged up 60.61 points to close the day's session.
Turnover moved up to 70.52 billion HK dollars (US$9.11 billion) from Monday's 65.09 billion HK dollars (US$8.42 billion).
China Enterprises Index went up 48.71 points, or 0.37 percent, to close at 13,367.19 points.
For the four major stock categories, the property sub-index was the only loser, dropping 1.02 percent. The other three went up slightly, with the finance sub-index gained 0.49 percent, the utilities 0.13 percent, and the commerce and industry, 0.32 percent.
Blue-chips ended up in general. Heavyweight China Mobile, by far the largest mobile carrier in the mainland, closed flat at 73.35 HK dollars. HKEx, the sole exchange operator in Hong Kong, gained 0.35 percent, to 141.8 HK dollars. Banking giant HSBC Holdings edged down 0.22 percent to close at 88.7 HK dollars.
As for local properties, Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, fell 1.12 percent to 97 HK dollars. Henderson Land rose 0.8 percent to 56.5 HK dollars. SHK Properties lost 1.95 percent to 115.8 HK dollars.
Mainland-based commercial lenders finished higher. Bank of China, rose 1.06 percent at 4.77 HK dollars. ICBC moved up 1.2 percent to 6.74 HK dollars. CCB gained 0.86 percent to 7.04 HK dollars.
Chinese insurance companies also went up. China Life edged up 0.13 percent to 38.45 HK dollars. Ping An rose 1.68 percent to 72.65 HK dollars.
As for energy shares, PetroChina gained 0.8 percent to 10.12 HK dollars, off-shore oil producer CNOOC rose 0.32 percent to 12.46 HK dollars, while Sinopec Corp went 1.47 percent down at 6.72 HK dollars.(7.8 HK dollars = US$1)
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