Hong Kong stocks close up 0.48%

Hong Kong stocks went up 0.48 percent on Monday. The benchmark Hang Seng Index gained 109.38 points to close at 22,921.56 after trading between 23,005.92 and 22,862.89. Turnover shrank to 44.01 billion HK dollars (about 5.68 billion U.S. dollars), compared with last Friday's 75.79 billion HK dollars. The Hang Seng China Enterprises Index moved up 18.85 points, or 0.18 percent, to end at 10,647.35 points. Banking giant HSBC ended up 0.67 percent at 82.55 HK dollars. Its local unit Hang Seng Bank rose 0.08 percent to 125 HK dollars. Another heavyweight blue-chip China Mobile was up 0.81 percent at 80.55 HK dollars. As for local property developers, Cheung Kong properties, controlled by billionaire Li Ka-shing, lost 0.5 percent to 120.4 HK dollars. Sun Hung Kai, the city's largest property developer by market value, ended flat at 97.05 HK dollars. Henderson Land was up 0.46 percent at 43.9 HK dollars. Mainland lenders listed in Hong Kong ended down. Bank of Communications fell 0.19 percent to 5.34 HK dollars. China Construction Bank moved down 0.17 percent to 5.82 HK dollars. Bank of China ended flat to close at 3.5 HK dollars. ICBC also closed flat at 5.19 HK dollars. China Life, one of the world's largest life insurers by market value, rose 0.43 percent at 23.55 HK dollars. Another major mainland insurer Ping An jumped 1.71 percent to end at 68.25 HK dollars. As for energy shares, PetroChina ended 0.12 percent higher at 8. 45 HK dollars. Sinopec ended 0.32 percent higher at 6.21 HK dollars. (1 U.S. dollar equals 7.75 HK dollar