Hong Kong stocks close 0.08% higher

Hong Kong stocks rose 17.20 points, or 0.08 percent, to close at 21,362.42 points on Friday. The benchmark Hang Seng Index traded between 21,451.60 and 21,214.24. Turnover totaled 47.96 billion HK dollars (about 6.18 billion U.S. dollars). The Hang Seng China Enterprises Index lowered 43.56 points, or 0.46 percent, to close at 9,448.51. Two of the four sub-indices gained ground, with the Finance and the Commerce & Industry sub-indices growing 0.28 percent and 0.22 percent respectively, while both the Utilities and the Properties falling more than 0.8 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, jumped 1.17 percent to 86.70 HK dollars. Its local unit Hang Seng Bank closed 0.17 percent lower at 115.80 HK dollars. Bank of East Asia, another Hong Kong's major bank dropped 0.36 percent at 27.70 HK dollars. Local bourse operator HKEX dipped 0.08 percent to 120.50 HK dollars. Local developers Hang Lung Properties lost 1.2 percent at 24.65 HK dollars. Henderson Land, another major developer in Hong Kong, dropped 0.91 percent at 48.85 HK dollars. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, closed flat at 107.10 HK dollars. Sun Hung Kai Properties lost 0.2 percent at 102.10 HK dollars. As for mainland-based financial stocks, China Construction Bank fell 0.54 percent at 5.49 HK dollars. ICBC ended flat at 4.92 HK dollars. Bank of China lost 0.95 at 3.14 HK dollars. Bank of Communications went down 0.8 percent to 4.94 HK dollars. As for energy stocks, China's top refiner Sinopec closed flat at 5.58 HK dollars. PetroChina also closed flat, ending at 9.24 HK dollars. CNOOC was up 0.29 percent at 13.86 HK dollars.(1 U.S. dollar equals 7.76 HK dollars)