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Tuesday, November 8, 2016, 17:47

Stocks close 0.47% higher

By Xinhua

HONG KONG - Hong Kong stocks closed higher on Tuesday, up 108.07 points or 0.47 percent, to 22,909.47 points.

The benchmark Hang Seng Index traded between 22,820.39 and 22,996.97. Turnover totaled 53.85 billion HK dollars (about US$6.94 billion).

The Hang Seng China Enterprises Index moved up 51.61 points, or 0.54 percent, to close at 9,659.85.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, lost 0.09 percent to close at 59.1 HK dollars. Local bourse operator HKEX gained 0.49 percent to end at 203.6 HK dollars.

As for other heavyweights, China Mobile rose 0.74 percent to 88.8 HK dollars. Tencent rose 0.69 percent to 205.6 HK dollars. Local airline Cathay Pacific closed 0.38 percent lower at 10.48 HK dollars.

CKH Holdings, a powerful HK-based developer controlled by billionaire Li Ka-shing, moved up 0.26 percent to 96.1 HK dollars.

Most mainland-based financial stocks closed higher. Bank of China edged up 1.15 percent to 3.52 HK dollars. Bank of Communications added 0.84 percent to 6.03 HK dollars. China Construction Bank rose 0.70 percent to 5.72 HK dollars. ICBC rose 1.07 percent to 4.74 HK dollars.

As for energy stocks, PetroChina rose 0.19 percent to 5.4 HK dollars. CNOOC sunk 0.51 percent to 9.8 HK dollars. Sinopec shrank 0.35 percent to 5.67 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)

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