Hong Kong stocks close 0.12% higher

Hong Kong stocks rose 26.03 points, or 0.12 percent to close at 21,303.31 points on Monday. The benchmark Hang Seng Index traded between 21,391.76 and 21, 205.60. Turnover totaled 45.98 billion HK dollars (about 5.93 billion U.S. dollars). The Hang Seng China Enterprises Index added 11.90 points, or 0. 13 percent, to close at 9,445.56. Two of the sub-indices gained ground, with the Commerce and Industry and Finance sub-index added 0.31 percent and 0.12 percent respectively, while the Utilities and the Properties lowered 0.54 percent and 0.19 percent respectively. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.47 percent to 85.10 HK dollars. Its local unit Hang Seng Bank closed 0.51 percent lower at 116.80 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed up 0.18 percent at 28.05 HK dollars. Local bourse operator HKEX gained 0.41 percent to 121.50 HK dollars. Local developers Hang Lung Properties was up 1.18 percent at 25. 65 HK dollars. Henderson Land, another major developer in Hong Kong, increased 0.1 percent to 49.10 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, slid 0.28 percent to 106.70 HK dollars. As for mainland-based financial stocks, China Construction Bank rose 0.92 percent at 5.49 HK dollars. ICBC added 0.2 percent at 4. 91 HK dollars. Bank of China ended flat at 3.17 HK dollars. Bank of Communications went down 0.2 percent to 4.99 HK dollars. As for energy stocks, China's top refiner Sinopec was down 0.55 percent to 5.47 HK dollars. PetroChina ended down 0.76 percent at 9.18 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)