Hong Kong stocks close 0.27% higher

Hong Kong stocks went up 61.52 points, or 0.27 percent, to close Tuesday's final trading session for 2013 at 23,306.39 points. Hang Seng Index rose 2.9 percent in 2013. The benchmark Hang Seng Index traded between 23,361.34 and 23, 271.80. Turnover totaled 30.62 billion HK dollars (3.95 billion U. S. dollars). The Hang Seng China Enterprises Index ended up 45.45 points, or 0.42 percent, to close at 10,816.14. All four sub-indices ended higher, with the Properties closed up 0.37 percent, the Commerce and Industry ended higher with 0.27 percent, the Finance closed up 0.26 percent and the Utility closed up 0.07 percent. The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended flat with 84.15 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, edged up 0.61 percent to 32.85 HK dollars. China Mobile, China's dominant mobile carrier, dipped 0.12 percent to 80.4 HK dollars, while another Chinese telecom giant China Unicom ended down 0.69 percent to 11.6 HK dollars. Local bourse operator HKEX fell 0.54 percent to 129.3 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended up 0.36 percent at 98.35 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, fell 0.08 percent to 122.4 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, ended flat with 5.85 HK dollars. ICBC, the world's largest bank by market value, ended up 0.38 percent to 5.24 HK dollars. Bank of China ended higher 0.56 percent to 3.57 HK dollars. As for energy stocks, China's top refiner Sinopec edged up 0.80 percent to 6.33 HK dollars. PetroChina, the country's largest oil and gas producer, rose 0.24 percent to 8.5 HK dollars. Hong Kong stock market will close for the one-day New Year holiday and open on Thursday. (1 U.S. dollar equals 7.75 HK dollars)