Hong Kong stocks close 0.26% higher

Hong Kong stocks went up 58.92 points, or 0.26 percent, to close on Friday at 22,846.25 points. Turnover totaled 68.53 billion HK dollars (8.84 billion U.S. dollars), compared with Thursday's 72.33 billion HK dollars. The Hang Seng China Enterprises Index ended up 11.86 points, or 0.12 percent, to close at 10,164.68. All of the four sub-indices gained ground, with the Utilities sub-index rising the most at 1.23 percent, followed by the Properties at 0.95 percent, the Finance at 0.16 percent, the Commerce and Industry at 0.1 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, went up 0.18 percent to close at 85.40 HK dollars. It's local unit Hang Seng Bank moved up 0.08 percent to 122.80 HK dollars. Another major local lender, Bank of East Asia, rose 0.64 percent to 31.65 HK dollars. Local bourse operator HKEX lost 0.31 percent to 127 HK dollars. China Mobile, China's dominant mobile carrier, added 0.58 percent to 77.80 HK dollars. Another Chinese telecom giant China Unicom closed flat at 11.02 HK dollars. Local property stocks closed up in general. Cheung Kong properties, owned by billionaire Li Ka-shing, rose 0.33 percent to 120.50 HK dollars. Henderson Land surged 2.06 percent to 44.65 HK dollars. Hang Lung Properties gained 1.93 percent to 23.75 HK dollars. Sun Hung Kai, HK's largest property developer by market value, dipped 0.15 percent to 96.95 HK dollars. Mainland-based financial stocks ended higher. Bank of China moved up 1.17 percent at 3.46 HK dollars. China Construction Bank edged up 0.18 percent at 5.55 HK dollars. ICBC added 0.2 percent to 4.95 HK dollars. As for energy stocks, Sinopec rose 1.22 percent to 5.81 HK dollars. PetroChina closed flat at 8 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)