HK shares jump 2 pct to end at 11-mth high

HONG KONG | Thu Aug 6, 2009 4:09am EDT

HONG KONG Aug 6 (Reuters) - Hong Kong shares jumped 2 percent on Thursday to end at an 11-month closing high as early losses were erased by strong buying in China Mobile on speculation the company was on track to list in Shanghai.

China Mobile (0941.HK) soared 7.5 percent as investors snapped up the laggard stock, partly on market talk that that the world's largest wireless carrier may list on the mainland Chinese A-share market by the end of this year.

The benchmark Hang Seng Index .HSI finished 404.47 points higher at 20,899.24.

The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, was 0.7 percent higher at 12,052.60. (Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.