HK shares slip 0.3 pct; China stocks extend rally

(Updates to midday)

HONG KONG/SHANGHAI, June 29 (Reuters) - China stocks gained 0.6 percent on Monday lifted by property and consumer goods sectors, while signs of economic recovery and ample liquidity had analysts betting on a new year-high for the main Shanghai index this week.

In Hong Kong, stocks hovered as investors clung to the sidelines ahead of the expiration of index futures on Monday and a heavy calendar of key data releases from the U.S. and China later this week.

Here are the index moves and major stock moves in both markets by midday-

HONG KONG

* The benchmark Hang Seng Index .HSI was down 0.3 percent at 18,544.18.

* Turnover slowed to HK$27.2 billion from midday Friday's HK$32.8 billion.

* The China Enterprises Index .HSCE, which represents top locally listed mainland Chinese stocks, was down 0.4 percent at 10,995.51.

* Bucking the trend, CITIC Pacific (0267.HK) jumped 5.5 percent to HK$16.10 after Goldman Sachs added the company to its conviction buy list, arguing that the steel-to-property conglomerate's valuation looked attractive compared with Chinese peers.

The investment bank also projected CITIC's special steel manufacturing business would benefit from China's strong vehicle production and sales growth. Goldman Sachs raised its target price on the stock to HK$19.40 from HK$16.90.

* Offshore oil specialist CNOOC (0883.HK) shrank 1.9 percent to HK$9.72 as oil prices pulled back towards $68 per barrel with an easing of tensions in energy-rich Nigeria providing investors with an excuse to take profit.

Asia's largest oil & gas producer PetroChina (0857.HK) gave up 0.8 percent.

* Gold miner Zijin Mining (2899.HK) slipped 3.9 percent after the price of the precious metal softened a touch, giving up gains from the previous session when it briefly rose to a two-week high.

* Chinese supermarket chain operator Lianhua Supermarket Holdings (0980.HK) jumped 13 percent to a seven-month high on Monday after it announced a plan to buy Hualian Supermarket for $71.97 million to further expand its presence in Shanghai.

Lianhua pulled back slightly to HK$13.00, from the session high of HK$13.20, with a thin 735,000 shares changing hands.

SHANGHAI