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E-mail Xinhua, April 3, 2012
Hong Kong shares ended 0.16 percent lower on Monday, owing to weak performance of Commerce and Industry heavyweights.
The benchmark Hang Seng index closed down 33.32 points, or 0.16 percent, to end at 20,522.26 points, after trading between a day low of 20,417.69 and a day high of 20,662.97 points.
Turnover totaled 45.51 billion HK dollars (about 5.86 billion U. S. dollars) compared with last Friday's 73.68 billion HK dollars.
The Hang Seng China Enterprises Index rose 18.60 points, or 0. 17 percent, to close at 10,658.76.
Four sub-indices ended mixed. The Properties sub-index became the biggest gainer, adding 0.45 percent, followed by the Utilities, rising 0.26 percent, and the Finance, up 0.09 percent. While the Commerce and Industry moved down 0.64 percent.
Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended 0.29 percent higher to close at 68.7 HK dollars.
The local unit Hang Seng Bank dropped 0.48 percent to 102.7 HK dollars. Bank of East Asia, another Hong Kong's major bank, down 0. 34 percent to close at 29.1 HK dollars. Local bourse operator Hong Kong Exchanges and Clearing moved down 0.99 percent to 129.2 HK dollars.
Mainland bank stocks gained ground generally. ICBC, the world's largest bank by market value, was unchanged to close at 5.01 HK dollars. China Construction Bank gained 0.17 percent at 6.01 HK dollars, and Bank of Communications up 0.17 percent to 5.88 HK dollars, while Bank of China added 0.32 percent at 3.14 HK dollars.
The performance of local Property stocks was mixed. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, moved up 1.39 percent to 101.7 HK dollars. Sun Hung Kai Properties ended 2.18 percent lower to 94.4 HK dollars. Henderson Land, another major developer in Hong Kong, added 1.52 percent to 43.5 HK dollars. Hang Lung Properties also went up 1.05 percent to 28.75 HK dollars.
As for oils shares, the country's largest oil and gas producer PetroChina moved down 0.18 percent to 10.96 HK dollars. China's top refiner Sinopec dropped 0.47 percent, to close at 8.42 HK dollars. While the HK-listed unit of China's National Offshore Oil Corporation, CNOOC, ended 0.63 percent lower to 15.86 HK dollars.
Elsewise, Esprit Holdings was the best-performing blue chip in the day, with its shares rising 4.49 percent to 16.3 HK dollars.
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