HK stocks end 0.39% higher

Hong Kong stocks rose 85.55 points, or 0.39 percent, to close at 22,276.72 on Monday, led by the positive Chinese manufacturing figures and better-than- expected U.S. job data. The benchmark Hang Seng Index traded between 22,377.56 and 22, 235.76. Turnover totaled 62.56 billion HK dollars (about 8.07 billion U.S. dollars), down from Friday's 75.60 billion HK dollars. The Hang Seng China Enterprises Index rose 74.66 points, or 0. 68 percent, to close at 10,993.90. Three sub-indices gained ground, with the Utility sub-indice rising the most by 1.04 percent, followed by the Commerce and Industry 0.42 percent and the Finance 0.4 percent. The Properties fell 0.11 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.25 percent to 79.45 HK dollars, while its local unit Hang Seng Bank ended 0.68 percent higher at 118.80 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed 0.67 percent lower to 29.75 HK dollars. Local bourse operator HKEX lowered 0.55 percent to 126.70 HK dollars. Local developers Hang Lung Properties decreased 0.34 percent to 29.05 HK dollars. Henderson Land, another major developer in Hong Kong, edged up 0.09 percent to 55.65 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, closed flat at 118.50 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 up 0.82 percent at 6.12 HK dollars. ICBC, the world's largest bank by market value, climbed 1.32 percent at 5.38 HK dollars. Bank of China rose 1.21 percent to 3.34 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, rose 0.17 percent to 5.75 HK dollars. As for energy stocks, China's top refiner Sinopec advanced 1.29 percent to 8.62 HK dollars. PetroChina, the country's largest oil and gas producer, went up 0.19 percent to 10.70 HK dollars. Kunlun Energy fell 1.58 percent to 16.18 HK dollars. (1 U.S.dollar equals 7.75 HK dollars)