HK stocks end 0.14 percent higher

Hong Kong stocks rose 0.14 percent on Monday. The benchmark Hang Seng index closed up 28.33 points to end at 20,658.11 points, after trading between 20,591.44 and 20,758.49. Turnover totaled 60.43 billion HK dollars (about 7.80 billion U.S. dollars). The Hang Seng China Enterprises Index fell 48.51 points, or 0.49 percent, to close at 9,780.92. Three sub-indices gained ground, with the Utility sub-index rising the most by 0.27 percent, followed by the Finance 0.23 percent and the Commerce and Industry 0.18 percent. The Properties lost 0.45 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 1.0 percent to 73.45 HK dollars, while its local unit Hang Seng Bank ended 0.6 percent higher at 114.90 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed up 0.3 percent to 29.00 HK dollars. Local bourse operator HKEX jumped 2.5 percent to 120.90 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, closed flat at 5.17 HK dollars. ICBC, the world's largest bank by market value, declined 0.2 percent at 4.42 HK dollars. Bank of China was down 0.7 percent to 2.93 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, closed flat at 5.21 HK dollars. Local developers Hang Lung Properties decreased 0.7 percent to 27.85 HK dollars. Henderson Land, another major developer in Hong Kong, retreated 1.4 percent to 53.40 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, added 0.1 percent to 114.10 HK dollars. As for energy stocks, China's top refiner Sinopec ended down 1.6 percent to 7.19 HK dollars. PetroChina, the country's largest oil and gas producer, moved up 0.8 percent to 9.99 HK dollars. (1 U.S. dollar equals 7.752 HK dollars)