Hongkong stocks and Mainland stocks closed higher on Tuesday

Though there was a light rain in HongKong on Tuesday, its shares brought a bright sunshine to the investors, it stayed in red all day and closed up 2.09 per cent, spurred by a rally in energy and metal sectors amid firmer commodities prices, while banks rebounded on optimism that global economic recovery would drive profit.

The benchmark Hang Seng Index ended up 456.30 points at 22,279.58, its highest close in a month. The China Enterprises Index of top locally listed mainland stocks rose 3.07 per cent to 13,142.03.

PetroChina (SEHK: 0857) advanced 5.92 per cent, while Aluminum Corp of China (SEHK: 2600) surged 9.08 per cent.

Mainland’s key stock index also closed slightly higher on Tuesday.

The benchmark Shanghai Composite Index went up 1.18 percent, or 38.42 points, to close at 3,282.18 points, ended at a three-week high. Gainers outnumbered losers 587 to 281 while 19 stocks remained unchanged, While turnover rose to 161.9 billion yuan (23.8 billion U.S. dollars) from 133.8 billion yuan on Monday.

The Shenzhen Composite Index, which tracks the smaller domestic market, lost 0.12 percent, or 16.6 points, to close at 13,517.38 points. Combined turnover expanded to 265.55 billion yuan (39.05 billion U.S. dollars).

Brokerage shares outperformed on expectations that mainland would launch its first stock index futures in the first quarter, while coal producers rode higher on firmer commodity prices.

Everbright Securities Co raced up its 10 per cent daily limit to 27.24 yuan after saying it won approval from the securities watchdog to set up another five outlets. industry heavyweight Citic Securities Co surged 4.9 percent to 32.82 yuan. Haitong Securities Co surged 3.8 percent to 19.24 yuan. Pacific Securities Co soared 5.5 percent to 18.77 yuan.

China Shenhua Energy Co climbed 2.5 percent to 35.13 yuan. Yanzhou Coal Mining Co jumped 4.3 percent to 24.21 yuan. China Coal Energy Co was up 3.8 percent to 13.97 yuan. Datong Coal Industry rose 3.9 percent to 46.54 yuan.

But dealers said the property sector remained soft on lingering worries the government would implement further measures to curb speculation in real estate to avert a potential bubble. So the stocks in this sector are still in a low spirit: Shanghai-based Shimao Co retreated 4.2 percent to 15.6 yuan. Poly Real Estate Group withdrew 3.1 percent to 21.22 yuan. Gemdale Corp eased 2 percent to 13.24 yuan.