HK stocks end flat
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E-mail Xinhua, December 30, 2013
Hong Kong stocks closed up 1.63 points, or 0.01 percent, to end at 23,244.87 on Monday.
The benchmark Hang Seng Index traded between 23,369.37 and 23, 178.28. Turnover totaled 41.65 billion HK dollars (5.37 billion U. S. dollars).
The Hang Seng China Enterprises Index ended down 59.41 points, or 0.55 percent, to close at 10,770.69.
Two sub-indices lost ground, with the Finance closing down 0.2 percent and the Utility ending down 0.05 percent. The Properties closed flat and the Commerce and Industry ended higher with 0.26 percent.
The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged up 0.3 percent to 84.15 HK dollars.
Bank of East Asia, one of the largest local banks in Hong Kong, edged down 1.21 percent to 32.65 HK dollars.
China Mobile, China's dominant mobile carrier, dipped 0.62 percent to 80.5 HK dollars, while another Chinese telecom giant China Unicom ended down 0.17 percent to 11.68 HK dollars.
Local bourse operator HKEX fell 0.46 percent to 130.0 HK dollars.
For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended up 0.31 percent at 98 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, increased 0.41 percent to 122.5 HK dollars.
As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, moved down 1.02 percent to 5.85 HK dollars.
ICBC, the world's largest bank by market value, slumped 0.19 percent to 5.22 HK dollars. Bank of China ended lower 0.84 percent to 3.55 HK dollars.
As for energy stocks, China's top refiner Sinopec edged up 0.79 percent to 6.28 HK dollars. PetroChina, the country's largest oil and gas producer, declined 0.24 percent to 8.48 HK dollars. (1 U.S. dollar equals 7. 75 HK dollars) Endi
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