Hong Kong stocks remained cautious by moving up 20.90 points, or 0.10 percent to close Tuesday's trading at 20,636.39, as the market waiting for Chinese mainland to announce Consumer Price Index (CPI) of May.

The Hang Seng index, opened by 45.21 points higher to 20,660.70 in the morning, but soon turned down and lost 62.96 points at 20, 552.53 by midday, though it closed the day's trading by gaining 20. 90 points.

Turnover increased to 57.55 billion HK dollars (7.37 billion U. S. dollars) from Monday's 55.91 billion HK dollars.

China telecommunication stocks continued its bull run with China Netcom up 0.73 to 20.6 HK dollars, China Mobile, one of the heavy weights of Hong Kong market, up 1.65 percent to 74.1 HK dollars. China Telecom went up 0.44 percent to 4.57 HK dollars.

Financial stocks remained flat, with HSBC, the other heavy weight remained at 143.4 HK dollars, while China life keep its price at 24.6 HK dollars.

Property sector was mixed with Henderson Land closing 1.41 percent lower to 52.35 HK dollars, while New World Development up 1.03 percent to 19.58 HK dollars.

Source: Xinhua