Hong Kong stocks close 0.64% higher

Hong Kong stocks went up 146.94 points, or 0.64 percent, to close on Friday at 23,133.35 points. The benchmark Hang Seng Index traded between 23,263.42 and 22, 849.10. Turnover totaled 74.89 billion HK dollars (about 9.66 billion U.S. dollars). The Hang Seng China Enterprises Index ended down 20.24 points, or 0.2 percent, to close at 10,167.28. Three of the four sub-indices ended higher with the Commerce and Industry closed up 1.39 percent, the Properties ended up 1.04 percent and the Utilities closed up 0.94 percent, while the Finance ended down 0.12 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended down 0.23 percent at 86.85 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, edged up 1.74 percent to 32.15 HK dollars. China Mobile, China's dominant mobile carrier, rose 0.32 percent to 77.85 HK dollars, while another Chinese telecom giant, China Unicom, dipped 1.89percent to 10.4 HK dollars. Local bourse operator HKEX moved up 0.39 percent to 128.2 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended up 1.18 percent at 98.5 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, ended up 1.25 percent to 121.5 HK dollars. As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weightingof the Hang Seng Index, ended down 1.08 percent at 5.49 HK dollars. ICBC, the world's largest bank by market value, ended down 1.22 percent at 4.88 HK dollars. Bank of China ended down 0.88 percent at 3.39 HK dollars. As for energy stocks, China's top refiner Sinopec edged up 1.51 percent to 6.04 HK dollars. PetroChina, the country's largest oil and gas producer, rose 0.62 percent to 8.1 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)