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Hong Kong stocks close 0.20 percent higher

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(Globalpost/GlobalPost)

Hong Kong stocks close 0.20 percent higher

HONG KONG, Aug. 5 (Xinhua) -- Hong Kong stocks went up 48.18 points, or 0.20 percent, to close on Tuesday at 24,648.26 points, after the release of HSBC figures showing a rise in the city's manufacturing activity in July.

The benchmark Hang Seng Index traded between 24,494.09 and 24, 679.11. Turnover totaled 70.85 billion HK dollars (about 9.14 billion U.S.dollars).

The Hang Seng China Enterprises Index ended down 0.71 percent, to close at 11,009.84.

Three sub-indices ended higher as the Commerce and Industry ended up 0.53 percent, the Finance ended up 0.15 percent and the Utilities ended up 0.01 percent.

One sub-indice ended lower with the Properties closed down 0.09 percent.

Tencent, China's largest internet service company, bounced 3.33 percent to 133.50 HK dollars. Lenovo Group, rose 1.31 percent to 10.78 HK dollars. HSBC Holdings ended up 1.83 percent to 83.55 HK dollars, and China Unicom increased 1.18 percent to 13.72 HK dollars.

Other blue chips ended higher on Tuesday with HKEX ended up 0. 12 percent to 174.30 percent, HK's largest property developer Sun Hung Kai increased 0.18 percent to 114.70 HK dollars.

Bucking the trend, China RES LAND fell 3.02 percent to 17.32 HK dollars after a decrease of one percent on Monday. Wharf Holdings dropped 2.36 percent to 60.00 HK dollars.

China Overseas decreased 2.35 percent to 22.90 HK dollars. Hang Seng Bank ended down 1.45 percent to 129.60 HK dollars. BOC Hong Kong ended down 1.22 percent to 24.20 HK dollars.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140805/hong-kong-stocks-close-020-percent-higher