HONG KONG, Jul. 3, 2009 (Xinhua News Agency) -- Hong Kong stocks went up 25.35 points, or 0.14 percent to close at 18,203.40 on Friday.

The turnover moved down to 54.29 billion HK dollars (7.01 billion U.S. dollars) from Thursday's 68.38 billion HK dollars (8. 83 billion U.S. dollars).

Analysts expected the blue-chip index to keep and consolidate in the near term due to concerns about a deteriorating economic downturn in the territory and the United States.

Asia's biggest refiner Sinopec (NYSE:SNP) moved up 1.5 percent to 5.96 HK dollars after light, sweet crude for August delivery settled down 2.43 U.S. dollars, or 3.5 percent, at 66.73 U.S. dollars a barrel on the New York Mercantile Exchange Thursday.

Sinopec Yizheng Chemical rose 3.8 percent to 1.63 HK dollars after it said it expects to swing to a net profit in the first half on cost-cutting measures.

Coal companies also gained after China's power output in June increased 3.6 percent from a year earlier, its first increase since October.

Shenhua Energy rose 2.3 percent to 29.00 HK dollars, while China Coal rose 0.1 percent to 9.19 HK dollars.

Chinese herbal shampoo manufacturer Bawang International jumped 27 percent to 3.03 HK dollars on its debut after it attracted more than 9.4 billion U.S. dollars worth of orders from retail and institutional investors for its 214 million U.S. dollars offering.

Coal trading company China Qinfa also jumped on its listing debut. It rose 6.3 percent to 2.68 HK dollars.