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Hong Kong stocks close down 0.1%

Hong Kong stocks close down 0.1%

Write: Monro [2011-07-07]
Hong Kong stocks shed 22.52 points, or 0.1 percent, to close at 22,747.95 on Tuesday.
The benchmark Hang Seng Index opened 51.28 points higher and fluctuated around 22,770 level in the morning session. The index moved mostly downward in the afternoon and touched the day-low of 22,707.1.
Hang Seng China Enterprises Index, which tracks the so-called Hong Kong-listed Chinese companies, went down 0.24 percent.
Turnover shrank to 60.9 billion HK dollars from Monday's 78.97 billion HK dollars.
Among constituent shares, the mainland bank CCB contributed the highest points to the market fall. The lender, which was also Tuesday's most active stock, slumped 1.22 percent to 6.48 HK dollars.
Heavyweight HSBC edged down 0.06 percent to close at 78.25 HK dollars and the country's largest telecom operator China Mobile shed 0.14 percent to 72.7 HK dollars.
Financial shares were mostly lower, with the Financial sub- index down 0.23 percent.
ICBC, China's largest bank by market value, went down 0.5 percent to close at 5.93 HK dollars. BOC decreased 0.26 percent to 3.86 HK dollars. Meanwhile, insurer China Life went down 0.18 percent to 27.75 HK dollars.
Properties was the only buoyant sector on the day. The sub- group rose 0.79 percent while all the other three sub-groups went down.
Cheung Kong rose 0.6 percent. SHK moved up 0.95 percent to close at 117.1 HK dollars. Two mainland-based property shares put on even better performances, with China Overseas rising 2.82 percent and China Res Land up 3.42 percent.
For leading oil stocks, the country's largest oil and gas producer PetroChina closed up 0.17 percent to 11.56 HK dollars. China's top refiner Sinopec was unchanged at 7.89 HK dollars. Offshore oil producer CNOOC went down 0.54 percent to 18.4 HK dollars.
China's leading home appliance retailer GOME was also among the most active shares, gaining 2.76 percent to 3.35 HK dollars. (1 U. S. dollar equals 7.781 HK dollars).
Source:Xinhua
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