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Hong Kong stocks close 1.13 pct higher
2016/1/13 20:12:59

  HONG KONG, Jan. 13 (Xinhua)-- Hong Kong stocks rebounded on Wednesday, growing 223.12 points, or 1.13 percent, to close at 19,934.88 points after heavy losses on previous trading days.

  The benchmark Hang Seng Index traded between 19,850.73 and 20,234.78. Turnover totaled 77.35 billion HK dollars (about 9.98 billion U.S. dollars).

  The Hang Seng China Enterprises Index added 0.65 percent, or 55.18 points, to close at 8,494.49 points.

  All of the four sub-indices gained ground. The Commerce & Industry sub-index rose the most at 1.43 percent, followed by the Properties at 1.15 percent, the Utilities at 1.03 percent, the Finance at 0.89.

  Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.97 percent to close at 57.05 HK dollars.

  Bank of East Asia, one of the largest local banks in Hong Kong, rose 1.63 percent to close at 24.85 HK dollars. Local bourse operator HKEX went up 0.11 percent to 179.8 HK dollars.

  Local developers closed higher. Sun Hung Kai, one of Hong Kong's largest property developer by market value, closed at 90 HK dollars, up 0.22 percent. Henderson Land gained 1.04 percent to 43.45 HK dollars. CKH Holdings closed up 2.11 percent to 99.05 HK dollars.

  Mainland-based financial stocks went up. Bank of China gained 0.32 percent to close at 3.12 HK dollars. China Construction Bank closed flat at 4.89 HK dollars. Industrial and Commercial Bank of China, the nation's largest lender, edged up 0.24 percent to 4.17 HK dollars.

  As for oil shares, CNOOC climbed 2.82 percent to close at 7.27 HK dollars. China's top refiner Sinopec rose 1.66 percent to 4.27 HK dollars. PetroChina, the country's largest oil and gas producer, moved up 1.36 percent to 4.45 HK dollars. (1 U.S. dollar equals to 7.75 HK dollars)