HONG KONG, Nov. 28 (Xinhua) -- Hong Kong stocks fell for a second straight day on Friday, led by energy shares.

The benchmark Hang Seng Index moved down 16.83 points, or 0.07 percent, to close at 23,987.45, after trading between 23,887.63 and 24,117.16.

Turnover totaled 90.24 billion HK dollars (about 11.63 billion U.S. dollars), up from 72.89 billion HK dollars the previous trading day.

The Hang Seng China Enterprises Index increased 1.19 percent, or 131.52 points, to close at 11,145.39.

Half of the four sub-indices closed lower. The Finance rose 0. 55 percent; the Utilities edged up 0.29 percent; the Properties dipped 0.16 percent; the Commerce and Industry fell 0.81 percent.

Energy shares led the declines as crude prices plunged to a five-year low after the Organization of Petroleum Exporting Countries said it would not cut crude production despite global oversupply.

Kunlun Energy dipped 3.12 percent to close at 8.39 HK dollars. PetroChina, the country's leading oil producer, fell 3.33 percent to 8.41 HK dollars. Sinopec, the nation's top oil refiner, dropped 1.24 percent to 6.35 HK dollars.

Casino shares also posted lackluster performances. Galaxy Entertainment fell 1.21 percent to close at 52.95 HK dollars. Sands China dropped 0.96 percent.

Bucking the trend, financial shares shot up. Bank of Communications jumped 6.46 percent to close at 6.43 HK dollars. The Industrial and Commercial Bank of China increased 1.43 percent to finish at 5.26 HK dollars. China Ping An Insurance edged up 1. 32 percent to 65.05 HK dollars.

As for other heavyweights, banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, fell 0.64 percent to 77.05 HK dollars. Sun Hung Kai, HK's largest property developer by market value, ended 0.53 percent lower to 113.4 HK dollars.