HK Hot Stocks: Alibaba jumps, China construction plays up

HONG KONG, Feb 4 (Reuters) - Here are some stocks on the move in Hong Kong on Monday:

As of 0242 GMT, the blue-chip Hang Seng Index .HSI was up 3.64 percent, widening opening gains. The index opened up 3.2 percent at 24,885.07.

The China Enterprises index of H-shares .HSCE, or Hong Kong-listed shares in mainland companies, rose 6.09 percent.

STOCKS ON THE MOVE:

* Shares of mainland construction materials companies rose on Monday amid severe snowstorm causing huge damage to parts of southern China. Cement producer China National Building Material Co Ltd (3323.HK: Quote, Profile, Research, Stock Buzz) soared 14.59 percent to HK$20.65, while Anhui Conch (0914.HK: Quote, Profile, Research, Stock Buzz) surged 11.3 percent to HK$53.20.

* Resources firms remained in focus with Chalco (2600.HK: Quote, Profile, Research, Stock Buzz) (601600.SS: Quote, Profile, Research, Stock Buzz) shares up 10.78 percent at HK$13.56 after Chinese mining group Chinalco said on Friday it had teamed up with U.S. aluminium producer Alcoa (AA.N: Quote, Profile, Research, Stock Buzz) to buy 12 percent of Rio Tinto (RIO.L: Quote, Profile, Research, Stock Buzz).

Chalco also plans to inject cash to maintain its stake in Shandong Huayu after a local conglomerate sold a power plant to Huayu in return for a one-fifth stake. [ID:nSHA87410]. Shares of China Shenhua Energy (1088.HK: Quote, Profile, Research, Stock Buzz) rose 4.15 percent to HK$42.7 after a Hong Kong newspaper reported that China Investment Corp and China Shenhua Group, parent of China Shenhua Energy, were in informal talks to buy a 15.85 percent stake in Australia's Fortescue Metals Group Ltd (FMG.AX: Quote, Profile, Research, Stock Buzz) for about US$2 billion. [ID:nSYD88190]

* Shares of Chinese e-commerce firm Alibaba.com (1688.HK: Quote, Profile, Research, Stock Buzz) rose 16.35 percent to HK$20.85 following news that Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) had offered to buy Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz), the popular Web portal, for $44.6 billion. Yahoo has a stake in Alibaba. [ID:nHKF078884]

* Ping An Insurance (2318.HK: Quote, Profile, Research, Stock Buzz), the country's second biggest life insurer, surged 7.89 percent to HK$60.2 despite a commentary published by China's top official newspaper on Monday that criticised a plan for a $22 billion stock sale by Ping An (601318.SS: Quote, Profile, Research, Stock Buzz) for hurting the stock market. [ID:nSHA142198]