Hong Kong stocks close up 0.02% - Oct 7

Updated: 2010-10-07 16:34
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HONG KONG - Hong Kong stocks rose 3.91 points, or 0.02 percent on Oct 7, to close at 22,884.32.

The benchmark Hang Seng Index opened up 116.32 points at the day's high of 22,996.73 and reached as low as 22,824.05 during the day's trading.

Turnover fell to HK$80.62 billion from HK$104. 80 billion on Oct 6.

The Hang Seng China Enterprises Index fell 33.96 points, or 0. 27 percent, to close at 12,738.07.

All but one sub-indices went down. The finance sub-index fell 0. 04 percent, the utilities lost 0.17 percent, the properties, 0.66 percent, while the commerce and industry sub-index rose 0.30 percent.

Heavyweight HSBC dipped 0.43 percent at HK$81.70, while China Mobile rose 0.79 percent to close at HK$82.50.

Hutchison, Hong Kong billionaire Li Ka-shing's flagship company, soared 4.57 percent to HK$74.35. Cheung Kong, also owned by Li, was flat at HK$116.90.

Chinese mainland lenders ended mixed. Bank of China retreated 0. 70 percent at HK$4.25, China Construction Bank lost 0.43 percent to HK$6.88. ICBC ended 0.51 percent higher at HK$5.92, and Bank of Communications went up 1.39 percent to HK$8. 77.

As for local developers, SHK Properties, the leading residential housing developer in Hong Kong, shed 0.08 percent to HK$134.00. Henderson Land inched down 1.25 percent to HK$55. 25. New World rose 0.72 percent to HK$16.82.

PetroChina gained 0.53 percent to HK$9.55, Sinopec went down 1.46 percent at HK$6.76, and offshore oil producer CNOOC edged down 0.49 percent to HK$16.22. (HK$7.755=$1)