Hong Kong stocks close up 0.48%

Hong Kong stocks closed up 0.48 percent on Monday. The benchmark Hang Seng Index moved up 108.24 points to close at 22,806.58 points, after trading between a day high of 22,849.3 points and a day low of 22,753.75 points. Turnover shrank to 48.1 billion HK dollars (6.21 billion U.S. dollars) from last Friday\'s 62.55 billion HK dollars. The H-Share Index moved up 80.6 points, or 0.79 percent, to end at 10,258.42 points. Banking giant HSBC ended up 0.24 percent at 85.15 HK dollars. China Mobile, China\'s dominant mobile carrier ended up 0.5 percent at 80.5 HK dollars. For Mainland lenders listed in Hong Kong, ICBC, China\'s largest bank by market value, edged up 1.17 percent to close at 5.2 HK dollars; CCB, the country\'s second largest lender by market capitalization, ended up 1.05 percent at 5.77 HK dollars; BOC, one of the \"big four\", ended up 0.29 percent at 3.46 HK dollars. For local property developers, Sun Hung Kai, HK\'s largest property developer by market value, ended up 0.9 percent at 101.4 HK dollars; Cheung Kong properties, owned by billionaire Li Ka-shing, edged up 1.84 percent to 121.9 HK dollars. PetroChina, the country\'s largest oil and gas producer ended up 0.57 percent at 8.77 HK dollars. Sinopec, China\'s top refiner, ended down 0.5 percent at 5.97 HK dollars. China Life, one of the world\'s largest life insurers by market value, ended up 1.84 percent at 19.98 HK dollars (1 U.S. dollar equals 7.75 HK dollar).