HONG KONG, Sept 21 Gains on Friday helped Hong
Kong shares achieve a third-straight weekly rise, with
commodities-related sectors climbing after oil prices stabilised
at the end of a volatile week.
The Hang Seng Index closed up 0.7 percent and 0.5
percent this week at 20,734.9. The China Enterprises Index
of the top Chinese listings in Hong Kong ended up 1
percent but down 0.3 percent this week at 9,804.8.
In the mainland, the CSI300 Index of the top
Shanghai and Shenzhen listings rose 0.1 percent, but slumped 5
percent this week. The Shanghai Composite Index inched
up 0.1 percent, but was down 4.6 percent on the week.
* Hong Kong property developers were among the outperformers
as investors rolled into sectors underpinned by real assets,
which are expected to benefit from quantitative easing from
global central banks. Henderson Land rose 2.1 percent,
while Wharf Holdings jumped 3.1 percent.
* Chinese oil giant CNOOC Ltd rebounded 0.6
percent, but Friday's gain clawed back only a bit of Thursday's
3.5 percent tumble.
* Li & Fung fell 2.6 percent after it outlined
late on Thursday a new sourcing agreement between its unit,
Direct Sourcing Group Pte Ltd, and Wal-Mart Stores Inc
that supersedes the buying deals made in January 2010.
* China Overseas Land & Investment slipped 0.7
percent while Air China rose 3.6 percent. The property
company is replacing the airline as a component on the FTSE
China 25 Index after Friday.
(Reporting by Clement Tan; Editing by Richard Borsuk)