Hang Seng Index up 2.29% on Fri

Oct. 30, 2009 (China Knowledge) - Hong Kong stocks rose on Friday. The Hang Seng Index, the benchmark, opened 455 points higher at 21,720. After touching the intraday low of 21,720.41 points, the blue-chip Hang Seng Index rose 487.88 points or 2.29% to close at 21,752.87.

Mainboard turnover rose to HK$76.35 billion. 

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, swelled 302.69 points or 2.43% to 12,769.36 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 1.75% to HK$87.3.

Meadville Holdings Ltd<3313> declined 22.66% to HK$2.15. Gold Peak Industries (Holdings) Ltd<0040> surged 28.13% to HK$1.23.

Stocks of auto firms ended mixed. Denway Motors Ltd<0203> fell 0.79% to HK$3.77. Great Wall Motor Co Ltd<2333> swelled 8.34% to HK$8.83. Dongfeng Motor Group Co Ltd<0489> increased 5.25% to HK$9.42. Sinotruk (Hong Kong) Ltd<3808> decreased 1.59% to HK$9.3. BYD Co Ltd<1211> slid 5.91% to HK$72.4. China Motor Bus Co Ltd<0026> swelled 1.19% to HK$59.7.

Gold stocks were strong except Zhaojin Mining Industry Co Ltd<1818> ended flat at HK$13.78. Zijin Mining Group Co Ltd<601899><2899> increased 1.19% to HK$7.67. Lingbao Gold Co Ltd<3330> climbed 0.7% to HK$2.86. Sino Gold Mining Ltd<1862> swelled 3.27% to HK$47.4.