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September 9, 2009

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Home » Business » Finance

Hong Kong stocks rise above 21,000 points

HONG Kong stocks increased for the fourth straight day to finish at over 21,000 points yesterday.

The benchmark index rose 440.5 points, or 2.14 percent, to close at 21,069.81, after trading between 20,617.4 and 21,133.71. Turnover climbed to HK$71.08 billion (US$9.18 billion) from Monday's HK$63.97 billion.

The commerce and industry sub-index closed 2.41 percent up. Finance rose 2.14 percent, properties gained 1.92 percent and utilities moved up 0.57 percent.

The China Enterprises Index rose 296.51 points, or 2.48 percent, to close at 12,275.66. Top gainers included Li & Fung, which jumped 5.27 percent to end at HK$28.15 and Hang Lung PPT, up 4.74 percent to HK$27.65.

Cheung Kong, the flagship of Hong Kong's richest man Li Ka-shing, rose 1.75 percent to HK$95.7.

SHK Properties rose 2.07 percent to HK$113.3 while Henderson Land rose 1.23 percent to HK$49.5.

China Mobile, the largest mobile carrier on the mainland, rose 2.78 percent to HK$79.6. HSBC Holdings was 1.92 percent up to close at HK$84.75.


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