Hong Kong stocks close 0.39% higher

Hong Kong stocks went up 85.53 points, or 0.39 percent, to close on Monday at 22,151.06 points. The benchmark Hang Seng Index traded between 22,244.16 and 22, 043.51. Turnover totaled 66.05 billion HK dollars (about 8.51 billion U.S. dollars), down from Friday's 72.70 billion HK dollars. The Hang Seng China Enterprises Index ended up 73.28 points, or 0.73 percent, to close at 10,075.10. All four sub-indices gained grounds. The Properties gained most at 1.2 percent, the Finance, 0.43 percent, the Utilities, 0.37 percent, the Commerce & Industry, 0.16 percent. The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended flat at 78.55 HK dollars. Its local unit Hang Seng Bank moved up 0.65 percent to 123.50 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, ended down 0.66 percent to 30.30 HK dollars. China Mobile, China's dominant mobile carrier, closed up 1.57 percent to 71 HK dollars, while another Chinese telecom giant China Unicom ended down 0.2 percent to 10.20 HK dollars. Local bourse operator HKEX, moved down 0.93 percent to 117.60 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, surged 1.44 percent to close at 95 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, ended up 0.86 percent to 128.60 HK dollars. As for mainland-based financial stocks, Bank of China added 1. 18 percent to 3.44 HK dollars. Bank of Communications edged up 0.4 percent to 5.07 HK dollars. China Construction Bank ended up 1.31 percent to 5.43 HK dollars. ICBC ended up 1.06 percent to 4.77 HK dollars. As for energy stocks, China's top refiner Sinopec ended up 0.43 percent to 6.94 HK dollars. PetroChina fell 0.47 percent to 8.45 HK dollars. (1 U.S.dollar equals 7.76 HK dollar)