Hong Kong stocks close 0.70% higher

Hong Kong stocks rose 151.68 points, or 0.70 percent to close at 21,807.56 points on Friday. The benchmark Hang Seng Index traded between 21674.97 and 21811. 24. Turnover totaled 44.12 billion HK dollars (about 56.86 billion U.S. dollars). The Hang Seng China Enterprises Index rose 114.82 points, or 1. 21 percent, to close at 9599.46 All of the four sub-indices gained ground, with the Properties sub-index rising the most at 1.31 percent, followed by Finance, 0. 7 percent, the Commerce & Industry, 0.62 percent, the Utilities, 0. 09 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, rose 0.59 percent to 84.75 HK dollars. Its local unit Hang Seng Bank closed 0.41 percent higher at 122.40 HK dollars. Bank of East Asia, another Hong Kong's major bank, closed up 0.83 percent to 30.50 HK dollars. Local bourse operator HKEX fell 0.50 percent to 119.40 HK dollars. Local developers Hang Lung Properties fell 0.99 percent to 24. 90 HK dollars. Henderson Land, another major developer in Hong Kong, rose 1.05 percent to 47.95 HK dollars, and Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, moved up 2.42 percent to 114.50 HK dollars. As for mainland-based financial stocks, China Construction Bank rose 0.71 percent to close at 5.64 HK dollars. ICBC rose 0.40 percent at 4.97 HK dollars. Bank of China ended up 0.32 percent at 3.17 HK dollars. Bank of Communications went up 0.80 percent to 5. 06 HK dollars. As for energy stocks, China's top refiner Sinopec was up 0.72 percent to 5.63 HK dollars. PetroChina rose 0.57 percent to 8.87 HK dollars. (1 U.S. dollar equals 7.76 HK dollars)