Hong Kong stocks close 0.04% lower

Hong Kong stocks went down 8.41 points, or 0.04 percent, to close on Monday at 22,704.50 points. The benchmark Hang Seng Index traded between 22,751.24 and 22, 555.97. Turnover totaled 47.16 billion HK dollars (about 6.09 billion U.S. dollars The Hang Seng China Enterprises Index ended down 0.40 percent, to close at 9,915.29. Three sub-indices ended higher with the Finance closed up 0.05 percent. The Commerce and Industry ended up 0.01 percent and the Utilities closed up 0.48 percent. One sub-indice ended lower with the Properties ended down 0.88 percent. The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended up 0.80 percent to 82.00 HK dollars. Bank of East Asia, one of the largest local banks in Hong Kong, ended flat with 32.65 HK dollars. China Mobile, China's dominant mobile carrier, closed up 0.26 percent to 76.65 HK dollars, while another Chinese telecom giant China Unicom ended down 2.00 percent to 11.76 HK dollars. Local bourse operator HKEX, moved up 0.57 percent to 140.40 HK dollars. For the local property stocks, Sun Hung Kai, HK's largest property developer by market value, ended down 1.08 percent to 100. 80 HK dollars; Cheung Kong properties, owned by billionaire Li Ka- shing, ended down 0.37 percent to 134.10 HK dollars. As for mainland-based financial stocks, China Construction Bank, the country's second largest bank which accounts for the third largest weighting of the Hang Seng Index, ended down 0.18 percent to 5.5 HK dollars. ICBC, the world's largest bank by market value, ended flat with 4.82 HK dollars. Bank of China ended flat with 3.51 HK dollars. As for energy stocks, China's top refiner Sinopec ended down 0. 71 percent to 6.98 HK dollars. PetroChina, the country's largest oil and gas producer, ended up 0.54 percent to 9.28 HK dollars. (1 U.S. dollar equals 7.75 HK dollar)