Oct. 23, 2009 (China Knowledge) - Hong Kong stocks rose on Friday. The Hang Seng Index, the benchmark, opened 228 points higher at 22,438. After touching the intraday low of 22,407.4 points, the blue-chip Hang Seng Index rose 379.21 points or 1.71% to close at 22,589.73.
Mainboard turnover rose to HK$76 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 356.09 points or 2.75% to 13,316.02 points.
Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 1.63% to HK$90.35.
Good Friend International Holdings Inc<2398> surged 19.37% to HK$1.91.
BYD Co Ltd<1211> increased 2.27% to HK$85.5 after Barclays Bank Plc bought 32.33 million shares in the auto giant for HK$2.63 billion in total or HK$78.15 per share, bringing its shareholding to 5.41% from the previous 1.33%.
Other auto stocks ended mixed. Denway Motors Ltd<0203> rose 3.23% to HK$3.83. Great Wall Motor Co Ltd<2333> swelled 4.29% to HK$8.27. Dongfeng Motor Group Co Ltd<0489> increased 6.97% to HK$9.98. Sinotruk (Hong Kong) Ltd<3808> decreased 1.13% to HK$9.66. China Motor Bus Co Ltd<0026> ended flat at HK$58.85.
Stocks of gold firms also gained. Zijin Mining Group Co Ltd<601899><2899> increased 1.73% to HK$8.23. Zhaojin Mining Industry Co Ltd<1818> swelled 3.33% to HK$14.26. Sino Gold Mining Ltd<1862> swelled 1.03% to HK$49. Lingbao Gold Co Ltd<3330> ended flat at HK$2.98.