Hong Kong stocks close 0.27% higher

Hong Kong stocks moved up 57.53 points, or 0.27 percent, on Monday at 21,561.90 points.

The benchmark Hang Seng Index traded between 21,441.71 and 21, 762.15. Turnover totaled 69.56 billion HK dollars (about 8.98 billion U.S. dollars).

The Hang Seng China Enterprises Index moved up 10.44 points, or 0.11 percent, to close at 9,728.72 points.

Three of the four sub-indices gained ground. The Properties sub- index rose the most at 0.67 percent, followed by the Finance at 0. 54 percent, the Utilities at 0.15 percent, while the Commerce & Industry fell 0.14 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, added 0.57 percent to 60.8 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, gained 0.18 percent to close at 26.5 HK dollars.

Local bourse operator HKEX lowered 0.8 percent to 184.8 HK dollars.

China Mobile, China's dominant mobile carrier, dipped 0.27 percent to 91.3 HK dollars. China Unicom, another Chinese telecom giant, rose 0.77 percent to 10.42 HK dollars.

Local property stocks went up in general. Sun Hung Kai, one of Hong Kong's largest property developer by market value, rose 0.67 percent to 103.8 HK dollars. Henderson Land increased 0.3 percent to 49.25 HK dollars. CKH Holdings rose 0.19 percent to 105.1 HK dollars.

Mainland-based financial stocks moved up. Bank of China closed flat at 3.57 HK dollars. China Construction Bank increased 0.18 percent to 5.42 HK dollars. Bank of Communication closed flat at 5. 54 HK dollars. ICBC grew 0.42 percent to 4.72 HK dollars.

As for energy stocks, China's top refiner Sinopec rose 1.36 percent to 5.11 HK dollars. PetroChina, the country's largest oil and gas producer, lost 0.52 percent to 5.72 HK dollars. CNOOC moved up 0.11 percent to 8.58 HK dollars.