Hong Kong stocks close 0.02% lower

Hong Kong stocks moved down 5.3 points, or 0.02 percent, on Tuesday at 24,406.12 points.

The benchmark Hang Seng Index traded between 24,217.78 and 24, 519.35. Turnover totaled 74.66 billion HK dollars (about 9.63 billion U.S.dollars).

The Hang Seng China Enterprises Index ended up 64.96 points, or 0.59 percent, to close at 11,074.92.

Three sub-indices gained ground with the Finance moving up 0.01 percent, the Utilities 1.74 percent and the Properties up 0.24 percent. One sub-indice lost ground with the Commerce and Industry ending down 0.34 percent.

The Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, edged down 1.55 percent to 69.95 HK dollars.

Bank of East Asia, one of the largest local banks in Hong Kong, ended flat with 30.70 HK dollars.

Local bourse operator HKEX ended up 0.58 percent to 207.60 HK dollars.

China Mobile, China's dominant mobile carrier, moved down 0.1 percent to 99.45 HK dollars, while another Chinese telecom giant China Unicom ended down 0.93 percent to 10.64 HK dollars.

For the local property stocks, Sun Hung Kai, one of HK's largest property developer by market value, ended up 0.42 percent to 118.70 HK dollars. Hang Lung Properties rose 0.69 percent to 21. 80 HK dollars. New World Development, another major developer in Hong Kong, decreased 0.44 percent to 9.24 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, moved up 0.32 percent to 6.33 HK dollars.

ICBC, the world's largest bank by market value, moved down 0.7 percent with 5.28 HK dollars. Bank of China ended down 0.24 percent to 4.22 HK dollars.

As for energy stocks, China's top refiner Sinopec ended down 0. 69 percent to 5.77 HK dollars. PetroChina, the country's largest oil and gas producer, dropped 1.47 percent to 7.36 HK dollars. (1 U.S. dollar equals 7.75 HK dollars)