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HK stocks edge up in thin turnover, Cheung Kong gains

Published 12/22/2010, 03:12 AM
Updated 12/22/2010, 03:16 AM

HONG KONG, Dec 22 (Reuters) - Hong Kong stocks edged higher on Wednesday despite a reversal in mainland markets, although a year-end slowdown in trading activity kept turnover at its lowest in more than 3-½ months.

The benchmark Hang Seng Index <.HSI> closed up 0.22 percent at 23,045.19. The China Enterprises Index <.HSCE> ended flat as mainland markets reversed course to close lower on the day.

Li Ka-shing's Cheung Kong (Holdings) Ltd <0001.HK> was the biggest boost to the benchmark, rising 3.5 percent after the company said it planned to launch Hong Kong's first yuan-denominated IPO as early as next year. [ID:nTOE6BL01N] (Reporting by Vikram Subhedar; Editing by Chris Lewis) (vikram.subhedar@thomsonreuters.com; +852 2843 6975; Reuters Messaging: vikram.subhedar.reuters.com@reuters.net))

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