Hong Kong stocks end 1.32% higher after 3-day continuous drop

Hong Kong stocks on Thursday finished at 20,900.73, up 272.95 points or 1.32 percent, rebounding after a three-day losing streak. Analysts said the rise was probably driven by external markets, especially the positive economic dates from American. The benchmark Hang Seng Index traded between 20,681.09 and 20, 909.71. Turnover totaled 64.41 billion HK dollars (about 8.3 billion U.S. dollars). The Hang Seng China Enterprises Index moved up 192.01 points or 1.75 percent to close at 11,168.50. All four sub-indices gained ground. The Commerce and Industry sub-index became the biggest gainer, surging 1.71 percent, followed by the Utilities, adding 1.58 percent, and the Properties up 1.46 percent, the Finance up 0.95 percent. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended 0.07 percent lower to close at 67.7 HK dollars. The local unit Hang Seng Bank gained 1.12 percent to 108.5 HK dollars. Bank of East Asia, another Hong Kong's major bank, went up 0.33 percent to close at 30.5 HK dollars. Local bourse operator Hong Kong Exchanges and Clearing moved up 0.96 percent to 136.8 HK dollars. Mainland lenders listed in Hong Kong rose. ICBC, the world' s largest bank by market value, added 0.96 percent at 5.25 HK dollars. China Construction Bank gained 1.95 percent at 6.26 HK dollars, and Bank of Communications moved up 1.83 percent to 6.11 HK dollars, while Bank of China added 1.88 percent at 3.25 HK dollars. The local property developer also put in good performance. Cheung Kong Holding, a powerful HK-based developer controlled by billionaire Li Ka-shing, moved up 2.86 percent to 108 HK dollars. Sun Hung Kai Properties ended 0.95 percent higher to 116.4 HK dollars. Henderson Land, another major developer in Hong Kong, added 1.65 percent to 46.15 HK dollars. Hang Lung Properties also went up 0.54 percent to 28.1 HK dollars. As for oils shares, the country's largest oil and gas producer PetroChina moved up 1.43 percent to 11.38 HK dollars. China's top refiner Sinopec gained 1.14 percent, to close at 8.9 HK dollars. While the HK-listed unit of China's National Offshore Oil Corporation, CNOOC, ended 1.09 percent to 16.74 HK dollars. The insurance section rebounded after Wednesday's heavy loss. China Life, one of the world's largest life insurers by market value, ended up 1.44 percent at 21.1 HK dollars. Another major Chinese insurer Ping An added 5.14 to close at 62.35 HK dollars. Elsewise, BELLE International was the best-performing blue chip in the day, with its shares surged 6.36 percent to 13.72 HK dollars. (1 U.S. dollar equals to 7.76 HK dollars).