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HONG KONG, Dec. 5 (Xinhua) -- Hong Kong stocks dropped for a third straight day on Thursday, led by consumer and financial shares.
The benchmark Hang Seng Index fell 16.13 points, or 0.07 percent, to close at 23,712.57 Lonnie Johnson Youth Jersey , after trading between a day high of 23,728.9 points and a day low of 23,563.21 points.
Turnover totaled 59.62 billion HK dollars (7.69 billion U.S. dollars) compared with Wednesday's 67.27 billion HK dollars.
The Hang Seng China Enterprises Index gained 26.96 points, or 0.24 percent, to close at 11,395.74 points.
Four major sub-indices closed mixed. The Utilities fell the most by 0.54 percent. Both of the Finance and the Properties retreated 0.44 percent Tytus Howard Youth Jersey , while the Commerce and Industry rose 0.51 percent.
Consumer shares led the declines. Belle International, a leading shoe retailer, gave up 1.94 percent at 9.1 HK dollars. Hengan International closed at 95.25 HK dollars, down 0.37 percent.
Financial stocks remained sluggish. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, ended 1.41 percent lower at 85.2 HK dollars. Its local unit Hang Seng Bank notched a 0.63-percent decrease to close at 126.2 HK dollars.
Mainland-based lenders and insurers joined the declines. Bank of China Will Fuller V Womens Jersey , the country's third largest lender, slid 0.96 percent to close at 25.7 HK dollars. China Life Insurance dropped 0.39 percent to end at 25.45 HK dollars, while Ping An Insurance slid 0.2 percent at 75.05 HK dollars.
Property shares continued to post lackluster performance. Sun Hung Kai, HK's largest property developer by market value, fell 0.15 percent at 98 HK dollars. Henderson, another leading property developer D'Onta Foreman Womens Jersey , dipped 0.78 percent at 44.55. Cheung Kong properties, a powerful HK-based developer controlled by billionaire Li Ka-shing, edged 0.24 percent lower to close at 123.1 HK dollars.
Bucking the trend, telecommunications stocks rise after the government awarded fourth-generation mobile licenses to the country's three major mainland telecommunications network operators, paving the way for the much-anticipated alliance between China Mobile and Apple in the world's biggest smartphone market.
China Mobile climbed 0.53 percent to end at 84.65 HK dollars.
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