Hong Kong stocks end down 0.54%

Hong Kong stocks closed down 124. 23 points, or 0.54 percent, at 22,782.44 on Friday. The benchmark Hang Seng Index traded between 22,850.25 points and 22,674.59 points during the day's session. Turnover totaled 65. 47 billion HK dollars (about 8.44 billion U.S. dollars) compared with Thursday's 81.14 billion HK dollars. China Enterprises Index fell 109.09 points, or 0.95 percent, to end at 11,317.13 points. Three of the four sub-indices lost ground, with the Commerce & Industry sub-index falling the most at 0.72 percent, followed by the Finance at 0.62 percent, the Properties at 0.1 percent, while the Utilities added 0.44 percent. Banking giant HSBC lost 0.18 percent to close at 84.95 HK dollars. China Mobile, China's dominant mobile carrier lowered 0. 17 percent at 85.75 HK dollars. Mainland lenders listed in Hong Kong plunged. ICBC, China's largest bank by market value, fell 1.08 percent to close at 5.49 HK dollars; CCB, the country's second largest lender by market capitalization, lost 0.79 percent at 6.29 HK dollars; BOC, one of the "big four", lost 1.62 percent at 3.65 HK dollars. For local property developers, Sun Hung Kai, HK's largest property developer by market value, ended down 1.08 percent at 119. 30 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, retreated 0.34 percent to 118.90 HK dollars. PetroChina, the country's largest oil and gas producer, went up 0.38 percent to 10.70 HK dollars. Sinopec, China's top refiner, ended down 0.46 percent to 8.76 HK dollars. CNOOC lost 1.16 percent to 15.36 HK dollars. China Life, one of the world's largest life insurers by market value, dropped 0.65 percent at 23.10 HK dollars. Ping An, another Chinese insurer, went down 0.77 percent to 64.45 HK dollars.(1 U.S. dollar = 7.756 HK dollars)