Roundup: Hong Kong stocks down 1.30 pct Thursday

June 21, 2012 10:26 pm 

HONG KONG, June 21 — Hong Kong stocks fell 1.30 percent Thursday as investors preferred staying in sidelines amid lukewarm sentiment.

The benchmark Hang Seng index fell 253.78 points to end at 19, 265.07 points, after trading between a day low of 19,258.11 and a day high of 19,495.54 points.

Turnover totaled 47.31 billion HK dollars (about 6.10 billion U. S. dollars) compared with Wednesday's 41.46 billion HK dollars.

The Hang Seng China Enterprises Index fell 157.8 points, or 1. 61 percent, to close at 9,663.42.

All four sub-indices lost ground, with the Commerce & Industry losing the most by 1.97 percent, followed by the Properties 1.62 percent, the Finance 0.78 percent and the Utility 0.25 percent.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.29 percent to close at 68.25 HK dollars, and its local unit Hang Seng Bank moved down 0.29 percent to 103.6 HK dollars.

Bank of East Asia, another Hong Kong's major bank, lost 2.05 percent to 26.25 HK dollars.

Local bourse operator Hong Kong Exchanges & Clearing fell 0.91 percent to 108.7 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, lost 0.37 percent to 5. 29 HK dollars.

ICBC, the world's largest bank by market value, went down 1.58 percent to 4.36 HK dollars.

Bank of China fell 0.34 percent to 2.91 HK dollars. Bank of Communications, China's fifth biggest lender measured by assets, lost 1.92 percent to 5.11 HK dollars.

Local developers also moved down.

Hang Lung Properties fell 1. 75 percent to 25.25 HK dollars.

Henderson Land, one of the major developers in Hong Kong, decreased 1.20 percent to 41.3 HK dollars.

Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, lost 0.48 percent to 92.5 HK dollars.

As for energy stocks, China's top refiner Sinopec fell 0.43 percent to 7 HK dollars.

PetroChina, the country's largest oil and gas producer, moved down 1.51 percent to 10.46 HK dollars.

China Res Power was the best-performing blue chip in the day, with its shares rising 0.94 percent to 15.06 HK dollars.

China Res Land was the worst-performing blue chip in the day, with its shares falling 5.32 percent to 14.96 HK dollars. (1 U.S. dollar equals to 7.76 HK dollars) (PNA/Xinhua) hbc/utb

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