China shares end up 4.8 pct, 3rd biggest gain in 2009

* Shanghai market advances after eight-day holiday

* Hong Kong ends flat on profit taking

* Market debut Wynn Macau posts gains
(Updates to close)

By Jun Ebias and Lu Jianxin

HONG KONG/SHANGHAI, Oct 9 (Reuters) - China's key stock index
closed up 4.76 percent on Friday, its third-biggest daily gain
this year, as the market played catch-up with a strong global
rally during the country's eight-day National Day holiday.

In Hong Kong, shares ended flat as some investors took profit
after four days of gains.

The Shanghai Composite Index .SSEC closed at 2,911.715
points, with all 893 traded stocks posting gains.

PetroChina (601857.SS), the index's most heavily weighted
stock, ended up 3.7 percent at 13.17 yuan after large-cap shares
underperformed the market in the run-up to the holiday break.

Top lender Industrial and Commercial Bank of China
(601398.SS) rose 3.56 percent to 4.94 yuan, while the biggest
housing mortgage lender, Construction Bank of China (601939.SS),
added 3.94 percent to 5.80 yuan.

Overall trading activity staged a measured recovery from
sluggish volumes before the holiday.

Turnover of Shanghai A shares rose to 93 billion yuan ($14
billion) on Friday from 68 billion yuan on Sept. 30, the last day
of trading before the holiday.

The Shanghai market is expected to be supported by fresh
signs of economic recovery in China when the government announces
key September economic data next week, but remains under pressure
from large supplies of new shares, among other negative factors.

"While strong September figures are expected to give the
market a shot in the arm in the medium term, the index's
short-term upside will still be limited because of factors
including cautious investor sentiment," said Cao Xuefeng, senior
stock analyst at Western Securities in Chengdu. "A clear sign of
caution today was that turnover wasn't even able to breach the
moderately active level of 100 billion yuan."

Friday's rally allowed the benchmark index to recapture its
125-day, or half-year, moving average, now at 2,870 points, but
analysts said investor sentiment still needed time to recover.

The index lost 6 percent in the third quarter, marking its
worst quarterly performance this year, as sentiment was depressed
by supplies of new shares including initial public offerings on
China's planned Nasdaq-style second board, ChiNext.

State media said on Friday that a third batch of companies to
be listed on ChiNext received regulatory approval and aimed to
raise a combined total of about 2.15 billion yuan. The offerings
will be priced on Oct. 13 and take subscriptions on Oct. 15.

China's markets were closed from Oct. 1 to Oct. 8.

HONG KONG'S RISE SLOWS

Shares in Hong Kong were flat as investors took profit on
stocks that posted sharp gains in recent sessions, including HSBC
(0005.HK).

"The market has already rebounded more than 1,000 points in a
very short period of time, so there is bound to be some
profit-taking pressure," said Ben Kwong, chief operating officer
at KGI Asia.

Debutant Wynn Macau (1128.HK), the Asia unit of U.S. casino
giant Wynn Resorts (WYNN.O), rose 6.15 percent, signalling that
appetite for gambling stocks remained strong. [ID:nHKG18196]

Sharp gains for market debuts in Hong Kong on Thursday,
including infant formula maker Ausnutria Dairy Corp (1717.HK),
also helped Wynn Macau's rise. Ausnutria closed up 3.53 percent
on Friday after advancing 27.5 percent in the previous session.

The benchmark Hang Seng Index .HSI inched up 6.54 points to
21,499.44, the highest since Sept. 23. For the week, the index
was up 5.52 percent.

Turnover was HK$62.2 billion ($8 billion), up from 59.9
billion on Thursday.

HSBC (0005.HK) fell 0.34 percent, snapping a three-day 3.9
percent rise.

Cathay Pacific (0293.HK) advanced for a fourth day, rising
3.48 percent. Hong Kong's top airline said on Monday that it
posted its best weekly passenger load factor for 2009 last week.
[ID:nSEO107656]

The China Enterprises Index of top locally listed mainland
Chinese companies was up 0.32 percent at 12,496.06, led by a 4.2
percent gain in China Shipping Development (1138.HK).

China's gold miners slipped as gold eased from record highs.
Realgold Mining (0246.HK) fell 4.4 percent, while Lingbao Gold
(3330.HK) dropped 2.88 percent.
(Editing by Chris Lewis)