HK stHK stocks end up 0.42% as ICBC gains
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E-mail Xinhua, July 20, 2012
Hong Kong stocks ended up 0.42 percent on Friday, as heavy weight ICBC moved up.
The benchmark Hang Seng Index moved up 81.75 points to close at 19,640.8 points, after trading between a day high of 19,656.11 points and a day low of 19,613.78 points.
Turnover narrowed down to 41.11 billion HK dollars (5.3 billion U.S. dollars) from Thursday's 48.1 billion HK dollars.
The H-Share Index moved up 55.66 points, or 0.58 percent, to end at 9,570.51 points.
Banking giant HSBC remained unchanged to close at 66.9 HK dollars. China Mobile, China's dominant mobile carrier ended up 0. 65 percent at 88.25 HK dollars.
Mainland lenders listed in Hong Kong jumped. ICBC, China's largest bank by market value, edged up 1.69 percent to close at 4. 22 HK dollars; CCB, the country's second largest lender by market capitalization, increased 0.41 percent to close at 4.95 HK dollars; while BOC, one of the "big four", ended flat at 2.87 HK dollars.
For local property developers, Sun Hung Kai, HK's largest property developer by market value, moved up 0.16 percent to close at 97.05 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 1.7 percent to 102 HK dollars.
PetroChina, the country's largest oil and gas producer, closed up 0.82 percent to 9.79 HK dollars. Sinopec, China's top refiner, moved up 1.88 percent to 7.06 HK dollars.
China Life, one of the world's largest life insurers by market value, ended up 0.46 percent at 22.05 HK dollars. (One U.S. dollar is equivalent to 7.76 HK dollars)
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