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Hong Kong stocks close 1.1% higher, led by Chinese oil companies
Hong Kong shares ended 1.1 percent higher on Wednesday, led by Chinese oil companies after the International Energy Agency revised its crude oil demand forecasts.Hong Kong stocks rose 265.64 points,ASICS Casual footwear,U.S. says half under 65 have he asics running shoe, or 1.1 percent,Discount asics shoes, to close at 24,asics mexico,419.62 on Wednesday.The benchmark Hang Seng Index traded between 24,discount asics tiger shoes,243.88 and 24, 434.40. Turnover totaled 80.90 billion HK dollars (10.40 billion U. S. dollars),Asics Gel Kinsei 2, up from 76.99 billion HK dollars (9.90 billion U.S. dollars).
Analysts said they expect the benchmark index to trade in a range of 24,000 to 24,500 this month as investors are likely to stay on the sidelines ahead of the Lunar New Year holiday,asics mexico 66 baja, which falls on the first week of February this year. The index has risen 6 percent since the start of this year.
All the four sub-indices gained ground. The Commerce and Industry sub-index rose most at 1.72 percent,asics tiger onitsuka, followed by the Finance at 0.86 percent,discount asics tiger mexico 66, the Utilities at 0.58 percent and the Properties at 0.09 percent.Oil companies were among the biggest gainers of the day. PetroChina rose 1.67 percent to 10.98 HK dollars. Offshore oil producer CNOOC advanced 2.43 percent to 19.4 HK dollars. Sinopec surged 4.39 percent to 8.09 HK dollars.
Heavyweight HSBC Holdings rose 0.51 percent to 87.95 HK dollars. Other local lenders closed mixed. StanChart advanced 2.36 percent to 217 HK dollars. Hang Seng Bank slid 0.45 percent to 132.3 HK dollars. Bank of East Asia rose 1.72 percent to 35.45 HK dollars.
China Mobile,onitsuka tiger, the world's largest mobile operator by subscribers,asics kanuchi shoes, advanced 2.6 percent to 78.85 HK dollars as DBS Vickers raised its rating to Buy. China Unicom closed up 3.29 percent,cheap asics running shoes, while China Telecom 4.45 percent up,asics tiger shoes for sale, equipment stock ZTE flat.
Among other blue chips, HKEX,Hong Kong stocks close 1.1% hig asics running shoe,christian louboutin pumps sale, the city's sole bourse operator, rose 1.14 percent to 186.6 HK dollars.Hutchinson Whampoa rose 0.16 percent to 93.65 HK dollars following fluctuation for the whole day.The local heavyweight fell 2.4 percent on Tuesday after it surged 17 percent so far this month, although the company said Tuesday it plans to spin off its ports assets in a Singapore listing.
On Chinese financial firms' side,discount asics mexico, ICBC,cheap christian louboutin pumps, the world's largest bank by market value,asics shoes, rose 0.67 percent to 6.04 HK dollars. China Construction Bank rose 1.4 percent to 7.22 HK dollars. Bank of China rose 1.18 percent to 4.29 HK dollars.
Aluminum producer Chalco extended Tuesday's gains by jumping 3. 9 percent to 7.8 HK dollars after saying Monday it expects to have swung to a net profit last year due to an increase in product prices and sales volume.Chalco was down 27 percent in the year ended Monday,asics gel running shoes, compared with a 12 percent rise in the Hang Seng Index over the same period.
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